The specific question presented in this case is what effect a notice of rescission has on NRS 106.240’s ten-year time frame when it is recorded after a notice of default. A notice of rescission rescinds a previous notice of default. The notice of rescission effectively cancelled the acceleration triggered by the notice of default such that the ten-year time period is reset.
Long, Anne-Greyson, "SFR Inves. Pool 1, LLC. v. U.S. Bank, N.A. 138 Nev. Adv. Op. 22 (April 7, 2022)" (2022). Nevada Supreme Court Summaries. 1476.