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NRS 645B.010 - Definitions. - As used in this chapter, unless the context otherwise requires,...
NRS 645B.0102 - "Applicant" defined. - "Applicant" means a person who applies for licensure as a...
NRS 645B.0104 - "Clerical or ministerial tasks" defined. - "Clerical or ministerial tasks" means communication with a person to...
NRS 645B.01043 - "Commercial mortgage loan" defined. - "Commercial mortgage loan" means a loan primarily for a business,...
NRS 645B.01047 - "Commercial property" defined. - "Commercial property" means any real property which is located in...
NRS 645B.0105 - "Commissioner" defined. - "Commissioner" means the Commissioner of Mortgage Lending. (Added to NRS...
NRS 645B.0107 - "Construction control" defined. - "Construction control" has the meaning ascribed to it in NRS...
NRS 645B.0109 - "Depository financial institution" defined. - "Depository financial institution" means a bank, savings and loan association,...
NRS 645B.0111 - "Division" defined. - "Division" means the Division of Mortgage Lending of the Department...
NRS 645B.0112 - "Dwelling" defined. - "Dwelling" has the meaning ascribed to it in section 103(v)...
NRS 645B.01125 - "Employee" defined. - "Employee" means a natural person: 1. Whose manner and means...
NRS 645B.0113 - "Escrow agency" defined. - "Escrow agency" has the meaning ascribed to it in NRS...
NRS 645B.0115 - "Escrow agent" defined. - "Escrow agent" has the meaning ascribed to it in NRS...
NRS 645B.0117 - "Escrow officer" defined. - "Escrow officer" has the meaning ascribed to it in NRS...
NRS 645B.0119 - "Financial services license or registration" defined. - "Financial services license or registration" means any license or registration...
NRS 645B.012 - "Institutional investor" defined. - "Institutional investor" means a person who, in the regular course...
NRS 645B.0121 - "Investor" defined. - "Investor" means a person who wants to acquire or who...
NRS 645B.0123 - "Licensee" defined. - "Licensee" means a person who is licensed or required to...
NRS 645B.0124 - "Loan processor" defined. - 1. "Loan processor" means a natural person who: (a) Receives,...
NRS 645B.01245 - "Majority of the investors" defined. - "Majority of the investors" means the investors holding 51 percent...
NRS 645B.0125 - "Mortgage loan originator" defined. - 1. "Mortgage loan originator" means: (a) A natural person who:...
NRS 645B.0127 - "Mortgage company" defined. - 1. "Mortgage company" means a person who, directly or indirectly:...
NRS 645B.0128 - "Nationwide Mortgage Licensing System and Registry" and "Registry" defined. - "Nationwide Mortgage Licensing System and Registry" or "Registry" means the...
NRS 645B.0129 - "Policy of title insurance" defined. - "Policy of title insurance" has the meaning ascribed to it...
NRS 645B.01305 - "Private investor" defined. - "Private investor" means: 1. An investor who is a natural...
NRS 645B.0131 - "Relative" defined. - "Relative" means a spouse or any other person who is...
NRS 645B.0132 - "Residential mortgage loan" defined. - "Residential mortgage loan" means any loan primarily for personal, family...
NRS 645B.01325 - "Residential mortgage loan originator" defined. - "Residential mortgage loan originator" means a natural person who takes...
NRS 645B.0133 - "Title agent" defined. - "Title agent" has the meaning ascribed to it in NRS...
NRS 645B.0135 - "Title insurer" defined. - "Title insurer" has the meaning ascribed to it in NRS...
NRS 645B.01356 - "Wholesale lender" defined. - "Wholesale lender" means a person who: 1. Holds himself or...
NRS 645B.0137 - Requirements for initial licensing as mortgage company or mortgage loan originator; regulations. - 1. In addition to any other requirements provided by this...
NRS 645B.0138 - Courses of continuing education; regulations. - 1. A course of continuing education that is required pursuant...
NRS 645B.0145 - Statutory and common-law rights, remedies and punishments unaffected; limitation on actions against State and its officers and employees. - The provisions of this chapter do not: 1. Limit any...
NRS 645B.0147 - Fiduciary obligation of licensee to client. - 1. In addition to any other duties set forth in...
NRS 645B.0149 - Inapplicability to wholesale lender who only funds or purchases commercial mortgage loans. - The provisions of this chapter do not apply to a...
NRS 645B.015 - Exemptions for certain persons and entities. - Except as otherwise provided in NRS 645B.016, the Secure and...
NRS 645B.016 - Certificate of exemption: Application; fee; automatic expiration; prohibitions; administrative fine; authority to file application for purposes of complying with requirements of Registry; applicability. - Except as otherwise provided in subsection 2 and NRS 645B.690:...
NRS 645B.017 - Certificate of exemption: Expiration; procedure for renewal; cancellation and reinstatement; fees; duplicate copy; deposit of fees; regulations. - 1. Except as otherwise provided in NRS 645B.016, a certificate...
NRS 645B.018 - Exemptions for certain loans: Grounds for granting; revocation; issuance of statement by Commissioner of reasons for granting, denying or revoking. - 1. A person may apply to the Commissioner for an...
NRS 645B.019 - Creation; members; appointment; terms and vacancies; no compensation or per diem allowance; protections afforded members who are public officers or employees. - 1. The Advisory Council on Mortgage Investments and Mortgage Lending...
NRS 645B.0191 - Chair and Vice Chair; meetings; quorum; subcommittees. - 1. The members of the Advisory Council on Mortgage Investments...
NRS 645B.0192 - Purpose. - The purpose of the Advisory Council on Mortgage Investments and...
NRS 645B.020 - Application for license; application for branch offices; requirements for issuance of license; license for office outside Nevada which conducts business in Nevada. - 1. A person who wishes to be licensed as a...
NRS 645B.021 - Mortgage company who is not natural person to designate natural person as qualified employee; regulations. - 1. If a mortgage company is not a natural person,...
NRS 645B.023 - 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... - 1. In addition to any other requirements set forth in...
NRS 645B.0243 - Grounds for denial of license: Employing or associating with certain persons who are ineligible to be mortgage loan originators. - The Commissioner may refuse to issue a license to an...
NRS 645B.0245 - Grounds for denial of license: Control by relative who would be ineligible to be licensed; act or omission of partner, officer or director. - 1. If an applicant is a natural person, the Commissioner...
NRS 645B.0247 - Grounds for denial of license: Authority of Commissioner not limited. - The provisions of NRS 645B.0243 and 645B.0245 do not limit...
NRS 645B.025 - Posting of license; restrictions on transfer or assignment of license. - 1. A mortgage company shall post each license in a...
NRS 645B.035 - Activities authorized by license; dual licensure as mortgage banker and mortgage broker. - Repealed. (See chapter 486, Statutes of Nevada 2017, at page...
NRS 645B.042 - Duty of mortgage company to deposit surety bond with Commissioner; mortgage company and mortgage loan originators must be named as principals on bond; amount of bond; Commissioner to determine amount of initial deposit. - 1. As a condition to doing business in this State,...
NRS 645B.046 - Cancellation of surety bond: Notices required; revocation of license unless equivalent bond furnished. - 1. The surety may cancel a bond upon giving 60...
NRS 645B.048 - Action on surety bond: Procedure; limitation of time; duties of Commissioner; preliminary payment by surety; action for interpleader; payment. - 1. Any person claiming against a bond may bring an...
NRS 645B.050 - Expiration of license; procedure for renewal; cancellation and reinstatement; fees; duplicate copy; deposit of fees; regulations. [Parts of this section were replaced in revision in 2015 by NRS 645B.017.] - 1. A license as a mortgage company issued pursuant to...
NRS 645B.051 - Continuing education required for renewal of license. - 1. Except as otherwise provided in subsection 2, in addition...
NRS 645B.060 - Duties of Commissioner: General supervision and control over mortgage companies and mortgage loan originators; regulations; investigations; examinations; periodic and special audits; hearings; related fees; classification of certain re... - 1. Subject to the administrative control of the Director of...
NRS 645B.070 - Subpoenas; oaths; examination of witnesses; penalty; assessment of costs. - 1. In the conduct of any examination, periodic or special...
NRS 645B.075 - Payment of statutory assessment by mortgage company; duty of mortgage company and loan originators to cooperate fully with audits and examinations. - Each mortgage company shall pay the assessment levied pursuant to...
NRS 645B.080 - Records relating to mortgage transactions, financial condition and trust accounts; monthly report to Commissioner; accounting procedures for trust accounts; regulations; reports. - 1. Each mortgage company shall keep and maintain at all...
NRS 645B.085 - Annual financial statement; audit of trust accounts; regulations. - 1. Except as otherwise provided in this section, not later...
NRS 645B.090 - Records of Commissioner: General provisions governing public inspection, confidentiality and disclosure of information relating to investigations, examinations, disciplinary actions and certain investments in promissory notes secured b... - 1. Except as otherwise provided in this section or by...
NRS 645B.092 - Records of Commissioner: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action and orders imposing discipline deemed public records; disclosure by Commissioner. - 1. Except as otherwise provided in this section and NRS...
NRS 645B.093 - Commingling certain money prohibited. [Effective through June 30, 2022.] Commingling certain money prohibited. [Effective July 1, 2022.] - 1. A mortgage company who is a broker-dealer or a...
NRS 645B.095 - Notification of certain transfers required; application to Commissioner for approval of change of control; investigation; waiver. - 1. As used in this section, "change of control" means:...
NRS 645B.115 - Minimum net worth required for certain mortgage companies; initial and annual determination of net worth; examination by Commissioner; regulations. - 1. If a mortgage company maintains any accounts described in...
NRS 645B.165 - Escrow account required for fee, salary, deposit or money paid in advance; release from escrow; exceptions; refunds; penalty. - 1. Except as otherwise permitted by law and as otherwise...
NRS 645B.170 - Trust account required for money deposited to pay taxes or insurance premiums; fiduciary duty of mortgage company; accounting to debtor and Commissioner; additional duties and prohibitions. - 1. All money paid to a mortgage company and his...
NRS 645B.175 - Trust or escrow account required for money received from investor to fund loan; trust or escrow account required for money received from debtor to repay loan; release of money; accounting to investor, debtor and Commissioner; additiona... - 1. Except as otherwise provided in this section, all money...
NRS 645B.180 - Limitations on execution or attachment of money in trust account; commingling of money prohibited. - 1. Money in an impound trust account is not subject...
NRS 645B.185 - Use of disclosure forms required; release of financial statements; duties of mortgage company and loan originators; prohibitions; powers of Commissioner; regulations. - 1. A mortgage company or mortgage loan originator shall not...
NRS 645B.186 - Disclosure of certain business and personal relationships required. - 1. If a licensee or a relative of the licensee...
NRS 645B.187 - Prohibition on making certain guarantees in advertisements and solicitations; limitations on payment of premium interest; penalty. - 1. If a mortgage company or mortgage loan originator solicits...
NRS 645B.189 - Statements of disclosure required in certain advertisements; review of advertisements by Commissioner; advertisements must comply with state and federal laws concerning deceptive trade practices and deceptive advertising; regulations. - 1. If, in carrying on his or her business, a...
NRS 645B.196 - Liability of advertising spokesperson for mortgage company for certain damages. - 1. An advertising spokesperson for a mortgage company is jointly...
NRS 645B.240 - Limitations on charging late fee, additional amount of interest or other penalty. - 1. If a person is required to make a payment...
NRS 645B.250 - Prohibition on advancing payments to investor on behalf of debtor in default; exceptions. - Except pursuant to a contract for the collection or servicing...
NRS 645B.260 - Monthly report to Commissioner on delinquencies in payments and defaults; monthly notice to investors; regulations. - 1. If a mortgage company maintains any accounts described in...
NRS 645B.300 - Written appraisal of real property required; persons authorized to perform appraisal; retention and inspection of appraisal; exceptions. - 1. Except as otherwise provided in subsection 4, a mortgage...
NRS 645B.305 - Requirement that loan include disclosure concerning fees. - A mortgage company shall ensure that each loan secured by...
NRS 645B.307 - Mortgage company required to include his or her license number or identifying number with loan. - A mortgage company shall ensure that each loan secured by...
NRS 645B.310 - Requirements for mortgage company to assign interest in loan. - A mortgage company shall not assign all or a part...
NRS 645B.320 - Copy of recorded deed of trust must be mailed to each investor. - If money from an investor is released to a debtor...
NRS 645B.330 - Limitations on use of power of attorney. - 1. A mortgage company or mortgage loan originator shall not...
NRS 645B.340 - Multiple holders of beneficial interest in loan: Holders of majority of outstanding principal balance may act on behalf of all holders for certain matters; notice; exception. - 1. Except as otherwise provided by law or by agreement...
NRS 645B.350 - Mortgage company required to provide investors certain options before acquiring ownership or beneficial interest in loan. - A mortgage company shall not accept money from an investor...
NRS 645B.351 - Mortgage company prohibited from including in loan document provision which requires participation in binding arbitration in event of dispute. - 1. A mortgage company who makes or arranges a loan...
NRS 645B.352 - Written servicing agreement required before servicing loan. - 1. Before servicing a loan in which a private investor...
NRS 645B.353 - Mortgage company prohibited from releasing borrower or guarantor from personal liability without certain approval. - Except as otherwise permitted by law, a mortgage company shall...
NRS 645B.354 - Restrictions on withholding money from certain investors; loan servicing agreement may contain provision which provides written consent to withhold money. - 1. If an investor owes money to the mortgage company...
NRS 645B.355 - Mortgage company prohibited from acting as construction control. - A mortgage company shall not act as a construction control...
NRS 645B.356 - Restrictions on placing private investor into certain entities before foreclosure of real property securing loan. - 1. A mortgage company shall not place or arrange to...
NRS 645B.357 - Restriction on collection of fees by mortgage company; application of fees. - 1. A mortgage company shall not assess or collect any...
NRS 645B.400 - Requirements to provide services of or engage in activities of mortgage loan originator. - A person shall not act as or provide any of...
NRS 645B.405 - License as mortgage loan originator required for mortgage company or qualified employee who engages in or supervises a mortgage loan originator who engages in activities as residential mortgage loan originator. - A mortgage company or qualified employee who wishes to engage...
NRS 645B.410 - Qualifications and procedure for issuance of license; fees. - 1. To obtain a license as a mortgage loan originator,...
NRS 645B.420 - 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... - 1. In addition to any other requirements set forth in...
NRS 645B.430 - Annual expiration of license; procedure for renewal; continuing education; fees. - 1. A license as a mortgage loan originator issued pursuant...
NRS 645B.450 - Conditions and limitations regarding employment of or association with mortgage loan originator; duties of mortgage company or certain exempt persons upon termination of mortgage loan originator. - 1. A person licensed as a mortgage loan originator pursuant...
NRS 645B.460 - Supervision by mortgage company; requirements; regulations. - 1. A mortgage company shall exercise reasonable supervision and control...
NRS 645B.490 - Right to be placed on inactive status; procedure for reinstatement. - Except as otherwise required by the Registry for persons who...
NRS 645B.600 - Person may file complaint alleging violation; requirements. - 1. A person may file with the Commissioner a complaint...
NRS 645B.610 - Duties of Commissioner when complaint is filed. - 1. If a person properly files a complaint with the...
NRS 645B.620 - Duties of Commissioner when violation is suspected; referral of violations to Attorney General for criminal prosecution; civil action for injunctive relief. - 1. Whether or not a complaint has been filed, the...
NRS 645B.630 - Duties of Commissioner when unsafe condition or practice is suspected; seizure of property and assets of mortgage company; duties of Attorney General. - 1. In addition to any other action that is required...
NRS 645B.640 - Persons entitled to correct unsafe conditions and practices; effect of failure to correct; receivership and liquidation of assets. - 1. If the Commissioner takes possession of the property of...
NRS 645B.670 - Authorized disciplinary or other action; grounds for disciplinary action. - 1. Except as otherwise provided in NRS 645B.690: (a) For...
NRS 645B.680 - 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... - 1. If the Commissioner receives a copy of a court...
NRS 645B.690 - Duty of Commissioner to take disciplinary action for certain violations. - 1. If a person offers or provides any of the...
NRS 645B.700 - Categorization of major and minor violations; regulations. - 1. Except as otherwise provided in subsection 2, for each...
NRS 645B.710 - Act or omission of partner, officer or director deemed act or omission of partnership, corporation or unincorporated association. - If a person is a partnership, corporation or unincorporated association,...
NRS 645B.720 - Authority of Commissioner to order summary suspension of license and take other action to protect public before conducting hearing. - Before conducting a hearing, the Commissioner may, to the fullest...
NRS 645B.740 - Investigations, actions, disciplinary proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license. - The expiration or revocation of a license of a mortgage...
NRS 645B.750 - Duty of Commissioner to provide written notice of disciplinary action or denial of license; right to administrative hearing; entry of final order; appeals. - 1. If the Commissioner enters an order taking any disciplinary...
NRS 645B.760 - Effect of failure to appear at hearing; penalty. - If a person is alleged to have engaged in any...
NRS 645B.800 - Attorney General has primary criminal jurisdiction; duty to provide Attorney General with information to assist prosecution; penalty. - 1. The Attorney General has primary jurisdiction for the enforcement...
NRS 645B.810 - Attorney General may bring civil action; recovery of costs in civil action. - 1. The Attorney General may bring any appropriate civil action...
NRS 645B.820 - Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction. - 1. A court of this State may exercise jurisdiction over...
NRS 645B.900 - Unlawful to conduct business of mortgage company or mortgage loan originator without being licensed or exempt from licensing. - It is unlawful for any person to offer or provide...
NRS 645B.910 - Unlawful for foreign corporation, association or business trust to conduct business of mortgage company without meeting certain requirements. - It is unlawful for any foreign corporation, association or business...
NRS 645B.920 - Contracts for mortgage transaction voidable for certain violations. - If a person, or any general partner, director, officer, agent...
NRS 645B.930 - Civil action authorized for certain violations. - In addition to any other remedy or penalty, if a...
NRS 645B.950 - Penalties for general violations. - 1. Except as otherwise provided in NRS 645B.960, a person,...
NRS 645B.955 - Commissioner may require licensee to pay restitution. - 1. A person who engages in an activity for which...
NRS 645B.960 - Penalties for violations relating to escrow or trust accounts. - 1. A person, or any general partner, director, officer, agent...