Property Ownership
What is the Nevada Homestead Exemption protection amount?
A$100,000
B$350,000
C$605,000✓ Correct
D$1,000,000
Explanation
Nevada's homestead exemption (NRS Chapter 115) protects up to $605,000 of equity in a primary residence from judgment liens and forced sale by unsecured creditors (as of the most recent legislative update). It must be formally declared by recording a Homestead Declaration.
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