Contract recorded with Secretary of State; recording of declaration of full payment; fees.
1. The contracts authorized by NRS 705.030 to 705.070, inclusive, shall be filed with the Secretary of State and recorded by him in a book of records to be kept for that purpose. On payment in full of the purchase money and the performance of the terms and conditions stipulated in any such contract, a declaration in writing to that effect shall be made by the vendor, lessor or bailor, or his or its assignee, by a separate instrument, to be acknowledged by the vendor, lessor or bailor, or his or its assignee, and recorded as aforesaid.
2. The Secretary of State shall collect and pay into the State Treasury $5 for filing each of such contracts or declarations and 20 cents per folio for recording the same.
Last modified: February 26, 2006