Medina, Jr. v. Cml-Nv Lumber, LLC C/W 62673 ( 2014 )


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  •                                          ORDER OF AFFIRMANCE
    These are consolidated appeals from district court orders,
    certified as final under NRCP 54(b), in deficiency-related actions. Eighth
    Judicial District Court, Clark County; Susan Scann, Judge.
    Silver State Bank loaned Mitchell Street, LLC and Design
    Place, LLC, certain sums of money. The companies secured the loans with
    parcels of real property and appellants, the Medinas, guaranteed
    repayment. Eventually, respondents CML-NV, Lumber, LLC, and CML-
    NV Two, LLC (collectively, CML-NV) acquired the rights to the loans
    and—after the borrowers' default—foreclosed on the properties. CML-NV
    sold the properties at two separate trustee's sales, but the properties were
    worth less than the amount owed under the loans' terms.
    Subsequently, the Nevada Legislature passed Assembly Bill
    273, which placed additional restrictions on the amount a court could
    award in a deficiency action where there has been a transfer of the right to
    obtain a deficiency judgment. The bill was codified as NRS 40.459(1)(c).
    See 2011 Nev. Stat., ch. 311, § 5, at 1743.
    Thereafter, CML-NV filed deficiency actions against Mitchell,
    Design Place, and the Medinas. CML-NV also filed motions for partial
    summary judgment arguing that NRS 40.459(1)(c) did not apply to the
    deficiency actions. The district court granted the motions; the Medinas
    stipulated to deficiency judgments with CML-NV, which were certified as
    final under NRCP 54(b), and then filed the instant consolidated appeals
    challenging the district court's orders. Specifically, the Medinas challenge
    the district court's conclusion that NRS 40.459(1)(c) is not applicable in
    the underlying deficiency actions.
    SUPREME COURT
    OF
    NEVADA
    2
    (0) 1947A
    Whether or not a statute applies in a particular instance is a
    question of law that we review de novo. Sandpointe Apartments, EL. C., v.
    Eighth Judicial Dist. Court, 129 Nev. „ 
    313 P.3d 849
    , 853 (2013).
    We addressed this issue in Sandpointe and determined that a
    "right to a deficiency vests upon the sale pursuant to a judicial foreclosure
    or trustee's sale, and thus, applying NRS 40.459(1)(c) to deficiencies
    arising from sales" that occurred prior to the statute's effective date would
    result in an improper retroactive effect. 
    Id.
     at , 313 P.3d at 856.
    Here, CML-NV sold the properties at trustee's sales that took
    place prior to NRS 40.459(1)(c)'s effective date; thus, the district court
    correctly determined that the statute is inapplicable to the underlying
    matters. Accordingly, we
    ORDER the judgnenf the district court AFFIRMED.
    /A     /1
    C.J.
    Gibbons
    , J.                                        J.
    Pickering
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    Parraguirre                                       Douglas ``
    C ttitik
    Saitta
    cc: Hon. Susan Scann, District Judge
    The Schwartz Law Firm, Inc.
    Hutchison & Steffen, LLC
    Lionel Sawyer & Collins/Las Vegas
    Eighth District Court Clerk
    SUPREME COURT
    OF
    NEVADA
    3
    (0) 194Th
    CHERRY, J., dissenting:
    I respectfully dissent from my colleagues in the majority and
    would reverse in accordance with my dissent in Sandpointe Apartments,
    L.L.C. v. Eighth Judicial Dist. Court, 129 Nev. , 
    313 P.3d 849
     (2013).
    SUPREME COURT
    OF
    NEVADA
    (0) I947A 44t.9)0
    

Document Info

Docket Number: 62672

Filed Date: 6/20/2014

Precedential Status: Non-Precedential

Modified Date: 10/30/2014