"Mortgage servicer" means a person who directly services a mortgage loan, or who is responsible for interacting with a borrower, managing a loan account on a daily basis, including, without limitation, collecting and crediting periodic loan payments, managing any escrow account or enforcing the note and security instrument, either as the current owner of the promissory note or as the authorized agent of the current owner of the promissory note. The term includes a person providing such services by contract as a subservicing agent to a master servicer by contract. The term does not include a trustee under a deed of trust, or the trustee’s authorized agent, acting under a power of sale pursuant to a deed of trust.
(Added to NRS by 2015, 2806)
Structure Nevada Revised Statutes
Chapter 645F - Mortgage Lending and Related Professions
NRS 645F.020 - "Commissioner" defined.
NRS 645F.030 - "Division" defined.
NRS 645F.040 - "Escrow agency" defined.
NRS 645F.050 - "Mortgage banker" defined.
NRS 645F.060 - "Mortgage company" defined.
NRS 645F.063 - "Mortgage servicer" defined.
NRS 645F.065 - "Nationwide Mortgage Licensing System and Registry" or "Registry" defined.
NRS 645F.150 - Commissioner: Qualifications; restrictions on other employment or offices.
NRS 645F.170 - Commissioner: Oath.
NRS 645F.190 - Oath of deputy commissioners.
NRS 645F.255 - Regulations: Generally.
NRS 645F.260 - State Board of Finance required to act in advisory capacity.
NRS 645F.291 - Subpoenas; oaths; examination of witnesses; penalty; assessment of costs.
NRS 645F.310 - "Covered service" defined.
NRS 645F.320 - "Foreclosure consultant" defined.
NRS 645F.330 - "Foreclosure purchaser" defined.
NRS 645F.340 - "Foreclosure reconveyance" defined.
NRS 645F.350 - "Foreclosure sale" defined.
NRS 645F.360 - "Homeowner" defined.
NRS 645F.365 - "Loan modification consultant" defined.
NRS 645F.367 - "Residence" defined.
NRS 645F.370 - "Residence in foreclosure" defined.
NRS 645F.400 - Persons performing covered services for compensation: Prohibited acts; penalty.
NRS 645F.420 - Homeowner may bring action to recover damages.
NRS 645F.430 - Foreclosure purchasers: Criminal penalty for fraud or deceit against homeowner.
NRS 645F.440 - Foreclosure purchasers: Transaction rescinded due to fraud or deceit upon homeowner.
NRS 645F.450 - Cumulative nature of rights, remedies and penalties.