For Immediate Release
ALTA, Nevada Land Title Association and AARP Applaud Attorney General Aaron D. Ford for Settlement Protecting Homeowners from Unfair MV Realty Contracts
Washington, D.C., May 7, 2026 — The American Land Title Association (ALTA), the Nevada Land Title Association and AARP today commended Nevada Attorney General Aaron D. Ford and Nevada Consumer Affairs for securing a settlement that voids unfair long-term real estate contracts tied to MV Realty and delivers relief to homeowners across the state.
The settlement requires MV Realty remove any encumbrances tied to these agreements, confirms those agreements are void and unenforceable, waives requirements for consumers to repay promotional fees received under the agreements and requires restitution to Nevada consumers who previously paid early termination fees.
“Attorney General Ford’s leadership sends a clear message: homeowners should never be trapped in predatory, long-term agreements that put their property rights at risk,” said Caroline Cone, director of state government affairs, ALTA. “A home is often a family’s most important asset, and protecting clear title is fundamental to preserving that security.”
MV Realty’s contracts, which in some cases stretched for 40 years, offered upfront payments in exchange for exclusive listing rights and were recorded against properties in ways that could interfere with a homeowner’s ability to sell, refinance or access home equity.
“This settlement provides meaningful relief for Nevada homeowners and reinforces a simple principle: no one should have to put their home or their future equity at risk in exchange for a small upfront payment,” said Jenn Jones, vice president of financial security and livable communities, government affairs, AARP. “AARP will continue working with state leaders and advocates across the country to stop predatory real estate schemes and make sure older homeowners are treated fairly.”
ALTA, the Nevada Land Title Association and AARP have worked alongside policymakers and consumer advocates nationwide to raise awareness about these agreements, often referred to as non-title recorded agreements for personal services, or NTRAPS, and to advance solutions that better protect homeowners from hidden risks.
“These agreements created unnecessary complications in the land records and put consumers at risk,” said Sylvia Smith Turk, co-chair of the Nevada Land Title Association legislative committee. “We appreciate Attorney General Ford and Nevada Consumer Affairs for taking decisive action to restore clarity and protect homeowners across Nevada, and we thank Assemblywoman Heidi Kasama for her efforts to protect homeowners throughout the state.”
“These predatory agreements can be especially damaging for older homeowners who may be counting on their home equity for financial flexibility and security,” said Tod Story, AARP Nevada state director. “AARP Nevada is proud to stand with Attorney General Ford and our partners to ensure Nevadans are not trapped by deceptive contracts that threaten their ability to sell, refinance or age in place.”
ALTA, the Nevada Land Title Association and AARP will continue working with state leaders, industry partners and consumer advocates to advance protections against predatory real estate contracts and safeguard homeowners’ property rights.
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About ALTA
The American Land Title Association, founded in 1907, represents an industry comprised of more than 17,000 title insurance companies operating across the nation, with over 90% being small businesses.
About the Nevada Land Title Association
Nevada Land Title Association was founded in 1975. Its members have spent the last 50 years tracking legislation that directly impacts Nevada's land and title industry and consumers. NLTA is affiliated with American Land Title Association, a national voice of the title insurance industry that advocates for member concerns and standardizes products for industry use.
Contact: Alisa Mairone
Office: 202-261-0305
Email: [email protected]