1. The Commissioner shall collect an assessment pursuant to this section from each person licensed by the Commissioner or the Division.
2. The Commissioner shall determine the total amount of all assessments to be collected from the persons identified in subsection 1, but that amount must not exceed the amount necessary to recover the cost of legal services provided by the Attorney General to the Commissioner and to the Division. The total amount of all assessments collected must be reduced by any amounts collected by the Commissioner from a person for the recovery of the costs of legal services provided by the Attorney General in a specific case.
3. The Commissioner shall collect from each person identified in subsection 1 an assessment that is based on:
(a) An equal basis; or
(b) Any other reasonable basis adopted by the Commissioner.
4. The assessment required by this section is in addition to any other assessment, fee or cost required by law to be paid by a person identified in subsection 1.
5. Money collected by the Commissioner pursuant to this section must be deposited in the Account for Mortgage Lending created by NRS 645F.270.
(Added to NRS by 2003, 3538; A 2003, 20th Special Session, 258; 2009, 1459, 2689; 2011, 3637)
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.