Nevada Revised Statutes
Chapter 645A - Escrow Agencies and Agents
NRS 645A.195 - Escrow agency that is not natural person to designate natural person as qualified employee.


1. If an escrow agency is not a natural person, the escrow agency must designate a natural person as a qualified employee to act on behalf of the escrow agency.
2. The Division shall adopt regulations regarding a qualified employee, including, without limitation, regulations that establish:
(a) A definition for the term "qualified employee";
(b) Any duties of a qualified employee; and
(c) Any requirements regarding a qualified employee.
(Added to NRS by 2011, 3595)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 645A - Escrow Agencies and Agents

NRS 645A.010 - Definitions.

NRS 645A.013 - Inapplicability of chapter to participant in Regulatory Experimentation Program for Product Innovation; exceptions.

NRS 645A.015 - Unlawful to engage in business of administering escrows or act in capacity of escrow agent or escrow agency without license; exceptions.

NRS 645A.020 - Application for initial license or renewal: Requirements; issuance or renewal; continuing obligation to notify Division of material change in information in application; restriction.

NRS 645A.021 - Application: Educational prerequisites; regulations.

NRS 645A.025 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establis...

NRS 645A.032 - Contents of license; escrow agent may associate with and be employed by only one escrow agency at same time.

NRS 645A.034 - Delivery and possession of license of escrow agent; display of licenses.

NRS 645A.036 - Place of business: Maintenance by escrow agency; specification in application; designation on license; effect.

NRS 645A.038 - License not transferable.

NRS 645A.039 - Continuing education: Standards; regulations.

NRS 645A.040 - Expiration; renewal; fees; deposit of money received.

NRS 645A.0405 - Authority of Commissioner to require submission of certain documents, fees and fines through Registry; deposit of fees, assessments and penalties.

NRS 645A.041 - Duty of escrow agency to deposit surety bond with Commissioner; escrow agents must be named as principals on bond; form and amount of bond; exceptions.

NRS 645A.042 - Escrow agency may deposit substitute form of security in lieu of surety bond; amount deposited must equal amount of bond; interest or dividends accrue to depositor.

NRS 645A.043 - Cancellation of bond: Notices required; revocation of license unless equivalent bond or substitute form of security furnished.

NRS 645A.047 - Action on bond: Procedure; limitation of time; duties of Commissioner; preliminary payment by surety; action for interpleader; payment.

NRS 645A.050 - Duties of Commissioner.

NRS 645A.060 - Powers of Commissioner: Subpoenas, oaths and examination of witnesses; penalty.

NRS 645A.065 - Fees for supervision, investigation and examination of persons; standards for supervision of escrow agents; regulations.

NRS 645A.067 - Payment of assessment and cooperation in audits and examinations.

NRS 645A.070 - Records of transactions in escrow: Maintenance; filing.

NRS 645A.080 - Records of Commissioner: General provisions governing public inspection and confidentiality.

NRS 645A.082 - Records of Commissioner: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.

NRS 645A.085 - Change in ownership of voting stock of escrow agency.

NRS 645A.086 - Duty of Commissioner to take disciplinary action for certain violations.

NRS 645A.090 - Grounds for refusal to issue license or for disciplinary action; orders imposing discipline deemed public records.

NRS 645A.095 - Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until 2 years after the date of the repeal of 42 U.S.C. § 666, the federal law requiring each sta...

NRS 645A.097 - Investigation, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license.

NRS 645A.100 - Notice of refusal to issue license or of disciplinary action; hearing; limitation on time to apply for hearing.

NRS 645A.110 - Investigation by Commissioner; powers of Commissioner; injunctive relief; enforcement of subpoenas.

NRS 645A.130 - Procedures following decision on appeal.

NRS 645A.140 - Powers of Commissioner when agency’s affairs in unsafe condition.

NRS 645A.150 - Receivership.

NRS 645A.160 - Requirements.

NRS 645A.170 - Limitations on execution or attachment; commingling prohibited.

NRS 645A.171 - Limitations on disbursements.

NRS 645A.173 - Duty to record certain information concerning real estate brokers and salespersons and mortgage companies.

NRS 645A.175 - Duty to execute documents necessary to release money deposited in escrow; exception for good faith disputes; recovery of damages for failure to execute; award of attorney’s fees.

NRS 645A.177 - Action to recover money deposited in escrow; discharge from further responsibility for holder of escrow; right of holder to bring action for interpleader.

NRS 645A.193 - Attorney General to represent Division.

NRS 645A.195 - Escrow agency that is not natural person to designate natural person as qualified employee.

NRS 645A.1955 - Employment of or association with escrow agent: Duties of escrow agency; prohibited actions.

NRS 645A.196 - Termination of employment of escrow agent: Duties of escrow agency; prohibited actions.

NRS 645A.199 - Proof of licensure required in action for collection of compensation.

NRS 645A.200 - Statutory and common-law rights unaffected.

NRS 645A.201 - Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction.

NRS 645A.215 - Prohibition on administering escrows in same location as or in conjunction with other businesses; exceptions.

NRS 645A.220 - Transactions by foreign corporations.

NRS 645A.221 - Contracts for escrow transaction voidable for certain violations; administrative fines.

NRS 645A.222 - Civil action authorized for certain violations.

NRS 645A.224 - Employee of Division prohibited from interest in escrow agency.

NRS 645A.225 - Charge for statement of interest payments prohibited.

NRS 645A.230 - Penalties for violations.

NRS 645A.235 - Restitution.