Las Vegas Sun

March 28, 2024

Nevada Supreme Court announces changes to foreclosure program

The Nevada Supreme Court has announced modifications to its Foreclosure Mediation Program, including creation of an advisory committee to recommend program improvements.

The modifications, which take effect March 1, address the program that was created in 2009 by the Legislature to address Nevada's foreclosure crisis.

“Periodic revisions of Foreclosure Mediation Program rules have always been anticipated,” said Chief Justice Michael L. Douglas. “The Supreme Court intent is to ensure that the program works for those who need and use it – both homeowners and lenders.”

The revised rules:

* Expand the time to file a petition for judicial review from 15 to 30 days after a party receives a mediator’s statement following mediation.

* Limit mediators who also represent parties in mediations.

* Simplify the process to suspend or terminate a mediator.

* Tighten the process to protect homeowners when multiple notices of default are filed.

* Permit homeowners to give power of attorney to someone to represent them providing the representatives are Nevada attorneys or otherwise qualified under state law, or there is no compensation provided.

* Clarify the forms that must be provided by parties in mediations.

* Address temporary modifications and require that agreements to relinquish a home must include a date when the owner-occupant will vacate the premises.

The 14-member advisory committee will meet at least every other month. Chaired by program manager Verise Campbell, the committee will include mediators, lending industry representatives, attorneys and real estate agents.

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