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SFR INVESTMENTS POOL 1 v. U.S. BANK N.A.

No. 81293.

507 P.3d 194 (2022)

138 Nev. Adv. Opn. 22

SFR INVESTMENTS POOL 1, LLC, a Nevada Limited Liability Company, Appellant/Cross-Respondent, v. U.S. BANK N.A., a National Banking Association; and Nationstar Mortgage, LLC, a Foreign Limited Liability Company, as Trustee for the Certificateholders of the LXS 2006-4N Trust Fund, Erroneously Pleaded as U.S. Bank, N.A., Respondents/Cross-Appellants.

Supreme Court of Nevada.

FILED April 7, 2022.

Attorney(s) appearing for the Case

Hanks Law Group and Karen L. Hanks and Chantel M. Schimming , Las Vegas, for Appellant/Cross-Respondent.

Kravitz Schnitzer Johnson Watson & Zeppenfeld, Chtd., and Gary E. Schnitzer , Las Vegas; Troutman Pepper Hamilton Sanders LLP and Aaron D. Lancaster , Atlanta, Georgia, for Respondents/Cross-Appellants.

Fennemore Craig P.C. and Leslie Bryan Hart and John D. Tennert , Reno, for Amicus Curiae Federal Housing Finance Agency.

BEFORE THE SUPREME COURT, HARDESTY and STIGLICH, JJ., and GIBBONS, Sr. J.

OPINION

NRS 106.240 provides a means by which liens on real property are automatically cleared from the public records after a certain period of time. In particular, NRS 106.240 provides that 10 years after the debt secured by the lien has become "wholly due" and has remained unpaid, "it shall be conclusively...

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