reglab/housing_qa huggingface dataset:
NV Rev Stat § 645E.010 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.010 - Definitions. [Effective through December 31, 2019.]

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 645E.020 to 645E.115, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1999, 3744; A 2011, 3625; 2015, 2802; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.020 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.020 - "Applicant" defined. [Effective through December 31, 2019.]

Applicant means a person who applies for licensure as a mortgage banker pursuant to this chapter.  (Added to NRS by 1999, 3744; A 2003, 3558; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.030 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.030 - "Commercial mortgage loan" defined. [Effective through December 31, 2019.]

Commercial mortgage loan means a loan primarily for a business, commercial or agricultural purpose that:  1. Directly or indirectly, is secured by a lien on commercial property; and  2. Is created with the consent of the owner of the commercial property.  (Added to NRS by 1999, 3744; A 2017, 3597; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.040 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.040 - "Commercial property" defined. [Effective through December 31, 2019.]

Commercial property means any real property which is located in this state and which is neither used as a dwelling nor upon which a dwelling is constructed or intended to be constructed. For the purposes of this section, "dwelling" has the meaning ascribed to it in section 103(v) of the federal Truth in Lending Act, 15 U.S.C. § 1602(v).  (Added to NRS by 1999, 3744; A 2011, 3625; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.050 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.050 - "Commissioner" defined. [Effective through December 31, 2019.]

Commissioner means the Commissioner of Mortgage Lending.  (Added to NRS by 1999, 3744; A 2003, 3558; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.060 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.060 - "Depository financial institution" defined. [Effective through December 31, 2019.]

Depository financial institution means a bank, savings and loan association, savings bank, thrift company or credit union.  (Added to NRS by 1999, 3744; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.070 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.070 - "Division" defined. [Effective through December 31, 2019.]

Division means the Division of Mortgage Lending of the Department of Business and Industry.  (Added to NRS by 1999, 3744; A 2003, 3558; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.080 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.080 - "Institutional investor" defined. [Effective through December 31, 2019.]

Institutional investor means a person who, in the regular course of business, makes commercial mortgage loans of more than $250,000 that are funded exclusively from one or more of the following sources:  1. The person’s cash, corporate capital or warehouse credit lines at a depository financial institution or other sources that are liability items on the person’s financial statements.  2. Correspondent contracts between the person and another institutional investor or between the person and a depository financial institution, trust company, profit-sharing or pension trust, installment lender or insurance company.  3. An affiliate’s cash, corporate capital or warehouse credit lines at a depository financial institution or other sources that are liability items on the affiliate’s financial statements for which the affiliate’s assets are pledged. As used in this subsection, "affiliate" means another person who, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with the person who is the institutional investor.  (Added to NRS by 1999, 3745; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.090 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.090 - "Licensee" defined. [Effective through December 31, 2019.]

Licensee means a person who is licensed as a mortgage banker pursuant to this chapter.  (Added to NRS by 1999, 3745; A 2003, 3558; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.100 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.100 - "Mortgage banker" defined. [Effective through December 31, 2019.]

  1. "Mortgage banker" means any of the following:  (a) A person who, directly or indirectly:  (1) Holds himself or herself out as being able to:  (I) Buy or sell notes secured by liens on real property; or  (II) Make loans secured by liens on real property using his or her own money; and  (2) Does not engage in any other act or transaction described in the definition of "mortgage broker," as set forth in NRS 645B.0127, unless the person is also licensed as a mortgage broker pursuant to chapter 645B of NRS.  (b) A person who, directly or indirectly:  (1) Negotiates, originates or makes or offers to negotiate, originate or make commercial mortgage loans as an agent for or on behalf of an institutional investor; and  (2) Does not engage in any other act or transaction described in the definition of "mortgage broker," as set forth in NRS 645B.0127, unless the person is also licensed as a mortgage broker pursuant to chapter 645B of NRS.  2. The term includes a wholesale lender.  3. For the purposes of this section, a person does not make a loan secured by a lien on real property using his or her own money if any portion of the money that is used to make the loan is provided by another person who acquires ownership of or a beneficial interest in the loan.  (Added to NRS by 1999, 3745; A 2003, 3558; 2015, 2802; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.105 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.105 - "Nationwide Mortgage Licensing System and Registry" and "Registry" defined. [Effective through December 31, 2019.]

Nationwide Mortgage Licensing System and Registry or "Registry" has the meaning ascribed to it in NRS 645B.0128.  (Added to NRS by 2011, 3625; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.115 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.115 - "Wholesale lender" defined. [Effective through December 31, 2019.]

  1. "Wholesale lender" means a person who:  (a) Directly or indirectly holds himself or herself out as being able to:  (1) Buy or sell notes secured by liens on real property; or  (2) Make loans secured by liens on real property using his or her own money;   (b) Does not directly:  (1) Take or receive an application from a borrower for a loan which will be secured by a lien on real property; or  (2) Negotiate any terms with a borrower relating to a loan which will be secured by a lien on real property; and  (c) Does not engage in any other act or transaction described in NRS 645B.0127, unless the person is also licensed as a mortgage broker pursuant to chapter 645B of NRS.  2. For the purposes of this section, a person does not make a loan secured by a lien on real property using his or her own money if any portion of the money that is used to make the loan is provided by another person who acquires ownership of or a beneficial interest in the loan.  (Added to NRS by 2015, 2802; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.130 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.130 - Statutory and common-law rights, remedies and punishments unaffected; limitation on actions against State and its officers and employees. [Effective through December 31, 2019.]

The provisions of this chapter do not:  1. Limit any statutory or common-law right of a person to bring a civil action against a mortgage banker for any act or omission involved in the transaction of business by or on behalf of the mortgage banker;  2. Limit the right of the State to punish a person for the violation of any law, ordinance or regulation; or  3. Establish a basis for a person to bring a civil action against the State or its officers or employees for any act or omission in carrying out the provisions of this chapter, including, without limitation, any act or omission relating to the disclosure of information or the failure to disclose information pursuant to the provisions of this chapter.  (Added to NRS by 1999, 3745; A 2003, 3558; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.165 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.165 - Certificate of exemption: Annual expiration; procedure for renewal; cancellation and reinstatement; fees; duplicate copy; deposit of fees; regulations. [Effective through December 31, 2019.]

  1. Except as otherwise provided in NRS 645E.160, a certificate of exemption issued pursuant to this chapter expires each year on December 31, unless it is renewed. To renew a certificate of exemption, a person must submit to the Commissioner on or after November 1 and on or before December 31 of each year, or on a date otherwise specified by the Commissioner by regulation:  (a) An application for renewal that complies with the requirements of this chapter; and  (b) The fee required to renew the certificate of exemption.  2. If the person fails to submit any item required pursuant to subsection 3 to the Commissioner on or after November 1 and on or before December 31 of any year, unless a different date is specified by the Commissioner by regulation, the certificate of exemption is cancelled. Except as otherwise provided in NRS 645E.160, the Commissioner may reinstate a cancelled certificate of exemption if the person submits to the Commissioner on or before February 28 of the following year:  (a) An application for renewal that complies with the requirements of this chapter;  (b) The fee required to renew the certificate of exemption; and  (c) Except as otherwise provided in this section, a reinstatement fee of not more than $100.  3. Except as otherwise provided in this section, a person must pay the following fees to apply for or to renew a certificate of exemption pursuant to this chapter:  (a) To file an application for a certificate of exemption, not more than $200.  (b) To renew a certificate of exemption, not more than $100.  4. To be issued a duplicate copy of any license or certificate of exemption, a person must make a satisfactory showing of its loss and pay a fee of not more than $10.  5. Except as otherwise provided in this chapter, all fees received pursuant to this chapter are in addition to any fee required to be paid to the Registry and must be deposited in the Account for Mortgage Lending created by NRS 645F.270.  6. The Commissioner may, by regulation, adjust any fee set forth in this section if the Commissioner determines that such an adjustment is necessary for the Commissioner to carry out his or her duties pursuant to this chapter. The amount of any adjustment in a fee pursuant to this subsection must not exceed the amount determined to be necessary for the Commissioner to carry out his or her duties pursuant to this chapter.  (Added to NRS by 1999, 3749; A 2003, 3230, 3562; 2003, 20th Special Session, 265; 2007, 961; 2011, 3629; 2015, 2804; R 2017, 3106, effective January 1, 2020) — (Substituted in revision for part of NRS 645E.280)
NV Rev Stat § 645E.170 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.170 - Exemptions for certain loans: Grounds for granting; revocation; issuance of statement by Commissioner of reasons for granting, denying or revoking. [Effective through December 31, 2019.]

  1. A person may apply to the Commissioner for an exemption from the provisions of this chapter governing the making of a loan of money only for a loan secured by commercial property.  2. The Commissioner may grant the exemption if the Commissioner finds that:  (a) The making of the loan would not be detrimental to the financial condition of the lender or the debtor;  (b) The lender or the debtor has established a record of sound performance, efficient management, financial responsibility and integrity;  (c) The making of the loan is likely to increase the availability of capital for a sector of the state economy; and  (d) The making of the loan is not detrimental to the public interest.  3. The Commissioner:  (a) May revoke an exemption unless the loan for which the exemption was granted has been made; and  (b) Shall issue a written statement setting forth the reasons for his or her decision to grant, deny or revoke an exemption.  (Added to NRS by 1999, 3747; A 2011, 3627; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.210 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.210 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective until the earlier of January 1, 2020, or the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

  1. In addition to any other requirements set forth in this chapter:  (a) A natural person who applies for the issuance of a license as a mortgage banker shall include the social security number of the applicant in the application submitted to the Commissioner.  (b) A natural person who applies for the issuance or renewal of a license as a mortgage banker shall submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520. The statement must be completed and signed by the applicant.  2. The Commissioner shall include the statement required pursuant to subsection 1 in:  (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or  (b) A separate form prescribed by the Commissioner.  3. The Commissioner shall not issue or renew a license as a mortgage banker if the applicant is a natural person who:  (a) Fails to submit the statement required pursuant to subsection 1; or  (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.  4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.  (Added to NRS by 1999, 3750; A 2003, 3562; 2005, 2791, 2810, 2817; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.210 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.210 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective on the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings and expires: (a) by limitation 2 years after that date or (b) on January 1, 2020, whichever occurs first.]

  1. In addition to any other requirements set forth in this chapter, a natural person who applies for the issuance or renewal of a license as a mortgage banker shall submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520. The statement must be completed and signed by the applicant.  2. The Commissioner shall include the statement required pursuant to subsection 1 in:  (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or  (b) A separate form prescribed by the Commissioner.  3. The Commissioner shall not issue or renew a license as a mortgage banker if the applicant is a natural person who:  (a) Fails to submit the statement required pursuant to subsection 1; or  (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.  4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.  (Added to NRS by 1999, 3750; A 2003, 3562; 2005, 2791, 2810, 2817, effective on the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.220 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.220 - Posting of license; restrictions on transfer or assignment of license. [Effective through December 31, 2019.]

  1. A mortgage banker shall post each license in a conspicuous place in the office for which the license has been issued.  2. A mortgage banker may not transfer or assign a license to another person, unless the Commissioner gives written approval.  (Added to NRS by 1999, 3751; A 2003, 3562; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.230 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.230 - Activities authorized by license; dual licensure as mortgage banker and mortgage broker. [Effective through December 31, 2019.]

  1. A license entitles a licensee to engage only in the activities authorized by this chapter.  2. The provisions of this chapter do not prohibit a licensee from:  (a) Holding a license as a mortgage broker pursuant to chapter 645B of NRS; or  (b) Conducting the business of a mortgage banker and the business of a mortgage broker in the same office or place of business.  (Added to NRS by 1999, 3750; A 2003, 3562; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.290 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.290 - License required for certain persons who engage in activities as loan originator or who supervise mortgage agents who engage in such activities. [Effective through December 31, 2019.]

  1. Any person licensed as a mortgage banker under this chapter and who engages in activities as a loan originator or who supervises a mortgage agent who engages in activities as a loan originator, and any employee or independent contractor of a mortgage banker who engages in activities as a loan originator, must be licensed as a mortgage agent pursuant to the provisions of NRS 645B.400 to 645B.460, inclusive.  2. As used in this section:  (a) "Clerical or ministerial tasks" means communication with a person to obtain, and the receipt, collection and distribution of, information necessary for the processing or underwriting of a loan.  (b) "Loan originator" means a natural person who takes a loan application or offers or negotiates terms of a loan for compensation or other pecuniary gain. The term does not include:  (1) A person who performs clerical or ministerial tasks as an employee at the direction of and subject to the supervision and instruction of a person licensed or exempt from licensing under this chapter, unless the person who performs such clerical or ministerial tasks is an independent contractor; or  (2) A person solely involved in extensions of credit relating to timeshare plans, as that term is defined in 11 U.S.C. § 101(53D).  (Added to NRS by 2009, 2687; A 2011, 3631; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645E.291 (2021)
2021 Nevada Revised Statutes|Chapter 645E - Mortgage Bankers|NRS 645E.291 - Supervision of mortgage agents by mortgage banker; requirements; regulations. [Effective through December 31, 2019.]

  1. A mortgage banker shall exercise reasonable supervision and control over the activities of his or her mortgage agents and must also be licensed as a mortgage agent if required pursuant to NRS 645E.290. Such reasonable supervision and control must include, as appropriate:  (a) The establishment of written policies and procedures for the mortgage agents;  (b) The establishment of a system to review, oversee and inspect the activities of the mortgage agents, including, without limitation:  (1) Transactions handled by the mortgage agents pursuant to this chapter;  (2) Communications between the mortgage agents and a party to such a transaction;  (3) Documents prepared by the mortgage agents that may have a material effect upon the rights or obligations of a party to such a transaction; and  (4) The handling by the mortgage agents of any fee, deposit or money paid to the mortgage banker or the mortgage agents or held in trust by the mortgage banker or the mortgage agents pursuant to this chapter; and  (c) The establishment of a system of reporting to the Division of any fraudulent activity engaged in by any of the mortgage agents.  2. The Commissioner shall allow a mortgage banker to take into consideration the total number of mortgage agents associated with or employed by the mortgage banker when the mortgage banker determines the form and extent of the policies and procedures for those mortgage agents and the system to review, oversee and inspect the activities of those mortgage agents.  3. The Commissioner may adopt regulations prescribing standards for determining whether a mortgage banker has exercised reasonable supervision and control over the activities of a mortgage agent pursuant to this section.  (Added to NRS by 2009, 2687; A 2011, 3631; 2013, 120; R 2017, 3106, effective January 1, 2020)