JPMorgan Chase Bank, N.A. v. SFR Investments Pool 1, LLC et al
Filing
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ORDER granting 9 Motion for Demand for Security of Costs; Signed by Magistrate Judge George Foley, Jr on 4/3/2018.; Case stayed. (Copies have been distributed pursuant to the NEF - JM)
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UNITED STATES DISTRICT COURT
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DISTRICT OF NEVADA
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***
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JPMORGAN CHASE BANK, N.A.,
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Plaintiff,
v.
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ORDER
SFR INVESTMENTS POOL 1, LLC, a
Nevada limited liability company; SIERRA
RANCH HOMEOWNERS ASSOCIATION, a
Nevada non-profit corporation; ILIANA
HURTADO, an individual,
Defendants.
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Case No. 2:17-cv-03052-JCM-GWF
This matter is before the Court on SFR Investments Pool 1, LLC’s Demand for Security of
Costs Pursuant to NRS 18.130(1) (ECF No. 9), filed on March 30, 2018.
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Defendant SFR has demanded that Plaintiff JPMORGAN CHASE BANK, N.A., an out-
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of-state resident, post a cost bond under NRS 18.130(1). That statute allows a defendant in an
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action brought by an out-of-state plaintiff to demand that the plaintiff post a bond to secure costs
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up to $500. Nev. Rev. Stat. § 18.130(1). Once the demand is filed and served, “all proceedings
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in the action shall be stayed” until the cost bond is deposited. Id. If the plaintiff fails to post the
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cost bond within 30 days of the demand, the defendant may move for dismissal. Nev. Rev. Stat.
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§ 18.130(4).
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In this district, a demand is tracked as a motion in the court’s system because a court order
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is required for the Clerk of Court to permit the posting of a cost bond. Accordingly, and for good
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cause shown,
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IT IS HEREBY ORDERED that SFR Investments Pool 1, LLC’s Demand for Security
of Costs Pursuant to NRS 18.130(1) (ECF No. 9) is granted.
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IT IS FURTHER ORDERED that in the event that the cost bond is presented for deposit,
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the Clerk of Court is directed to accept the deposit of $500 under NRS 18.130 as security for costs
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and charges that may be awarded against Plaintiff.
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IT IS FURTHER ORDERED that Plaintiff must bring a copy of this order to the Clerk’s
office when making this deposit.
IT IS FURTHER ORDERED that this case is stayed by operation of NRS 18.130(1) until
the $500 cost bond is deposited.
DATED this 3rd day of April, 2018.
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______________________________________
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GEORGE FOLEY, JR.
United States Magistrate Judge
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