The Nevada Supreme Court has updated the rules of the Nevada Foreclosure Mediation Program (FMP). The court says it revised the rules to clarify and streamline the processes of the program, which the state legislature created in 2009.

The new 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, as well as simplifies the process to suspend or terminate a mediator, the court says.

“Periodic revisions of Foreclosure Mediation Program rules have always been anticipated,” says 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.”

Full article [HERE].