The Court concluded that the promissory note, which had security interest by both a deed of trust of Arizona real property and personal guaranties, was governed by Nevada limitations period because of the Nevada choice-of-law provision within the contract. Consequently, the Court held that the party seeking deficiency judgment was time-barred pursuant to NRS 40.455(1) because the judgment was not sought within six months of the foreclosure sale of the collateral property.
Loretz, Colton, "Mardian v. Greenberg Family Trust, 131 Nev. Adv. Op. 72 (Sep. 24, 2015)" (2015). Nevada Supreme Court Summaries. 900.