reglab/housing_qa huggingface dataset:
NV Rev Stat § 645F.530 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.530 - Compliance with other laws, regulations and orders of Commissioner; authority of Commissioner to conduct examination or investigation of and to take disciplinary action against mortgage servicer or applicant for license.

  1. A mortgage servicer shall comply with:  (a) The relevant provisions of 12 C.F.R. Part 1024, commonly known as Regulation X, and 12 C.F.R. Part 1026, commonly known as Regulation Z, as those regulations are amended by the Final Servicing Rules issued by the Consumer Financial Protection Bureau in 78 Federal Register 10696 and 10902 on February 14, 2013, and any amendments thereto.  (b) Any other applicable federal or state law or regulation or any order of the Commissioner.  2. The Commissioner shall conduct any examination or investigation of a mortgage servicer or applicant for the issuance of a license as a mortgage servicer as may be necessary to ensure compliance with the provisions of NRS 645F.500 to 645F.540, inclusive, and any regulations adopted pursuant thereto.  3. If the Commissioner, upon examination or investigation of a mortgage servicer or applicant for the issuance of a license as a mortgage servicer, determines that the mortgage servicer or applicant has violated any applicable provision of NRS 645F.500 to 645F.540, inclusive, or any regulations adopted pursuant thereto, the Commissioner may take such disciplinary action against the mortgage servicer or applicant as may be authorized by regulation of the Commissioner.  (Added to NRS by 2015, 2807)
NV Rev Stat § 645F.540 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.540 - Duty to submit certain documents, fees, fines and costs through Registry; deposit of fees and costs.

  1. Except as otherwise provided in NRS 645F.267 and 645F.293, the Commissioner shall require a person to submit to the Commissioner through the Registry:  (a) An application for the initial issuance or the renewal of a license as a mortgage servicer, including any fees related to the issuance or renewal of a license.  (b) Any form or filing that a mortgage servicer is otherwise required to submit to the Commissioner.  (c) Any administrative fine assessed against the person pursuant to the regulations adopted pursuant to NRS 645F.520.  (d) Any costs associated with the submittal of any document, information, fee or fine through the Registry.  2. Any fees and costs received pursuant to subsection 1 are nonrefundable.   3. Except as otherwise provided in this chapter, all fees and costs received pursuant to NRS 645F.500 to 645F.540, inclusive, are in addition to any fee or cost required to be paid to the Registry and must be deposited in the Account for Mortgage Lending created by NRS 645F.270.  (Added to NRS by 2015, 2807)
NV Rev Stat § 645G.010 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.010 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 645G.020 to 645G.060, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2007, 3105)
NV Rev Stat § 645G.020 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.020 - "Commissioner" defined.

Commissioner means the Commissioner of Financial Institutions.  (Added to NRS by 2007, 3105)
NV Rev Stat § 645G.030 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.030 - "Division" defined.

Division means the Division of Financial Institutions of the Department of Business and Industry.  (Added to NRS by 2007, 3105)
NV Rev Stat § 645G.040 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.040 - "Exchange facilitator" defined.

  1. "Exchange facilitator" means a person who, for compensation of any kind, acts as:  (a) A qualified intermediary as defined in 26 C.F.R. § 1.1031(k)-1(g)(4) for a client whose relinquished property is located in this State; or  (b) An exchange accommodation titleholder, as that term is defined in Revenue Procedure 2000-37, who holds title to property located in this State.  2. The term includes any person who:  (a) Maintains an office in this State for the purpose of soliciting business as an exchange facilitator; or  (b) Advertises or holds himself or herself out as prepared to facilitate a tax-deferred exchange of property in this State by acting as the custodian of money or other property.  3. The term does not include:  (a) A taxpayer or disqualified person, as those terms are defined in 26 C.F.R. § 1.1031(k)-1(k), who is seeking to qualify for nonrecognition pursuant to 26 U.S.C. § 1031;  (b) A financial institution when acting solely as a depository for funds used in a tax-deferred exchange of property;   (c) A person who advertises for and teaches seminars or classes, or otherwise gives presentations to attorneys, accountants, real estate professionals, tax professionals or other professionals with the primary purpose of teaching such professionals about tax-deferred exchanges or training such professionals to act as exchange facilitators; or  (d) A qualified intermediary, as defined in 26 C.F.R. § 1.1031(k)-1(g)(4), who holds exchange funds received from the disposition of relinquished property located outside this State.  (Added to NRS by 1993, 2019; A 1995, 994; 1997, 2167; 1999, 1539; 2005, 2807; 2007, 3115) — (Substituted in revision for NRS 645.606)
NV Rev Stat § 645G.050 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.050 - "Financial institution" defined.

Financial institution means any bank, savings and loan association, savings bank or trust company, including a subsidiary or holding company of these, doing business in this State that is federally insured and organized under, or supervised pursuant to, the laws of the United States or of any state.  (Added to NRS by 2007, 3105)
NV Rev Stat § 645G.060 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.060 - "Licensee" defined.

Licensee means a person licensed as an exchange facilitator pursuant to the provisions of this chapter.  (Added to NRS by 2007, 3105)
NV Rev Stat § 645G.090 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.090 - Inapplicability of chapter to participants in Regulatory Experimentation Program for Product Innovation; exception. [Effective January 1, 2020.]

Except as otherwise required by the Director of the Department of Business and Industry pursuant to NRS 657A.430 or 657A.620, the provisions of this chapter do not apply to a participant in the Regulatory Experimentation Program for Product Innovation established and administered pursuant to chapter 657A of NRS.  (Added to NRS by 2019, 3996, effective January 1, 2020)
NV Rev Stat § 645G.110 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.110 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Division. [Effective until 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 an exchange facilitator shall include the social security number of the applicant in the application submitted to the Division.  (b) A natural person who applies for the issuance or renewal of a license as an exchange facilitator shall submit to the Division 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 Division 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 Division.  3. An applicant may not be licensed as an exchange facilitator by the Division 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 Division 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 1997, 2164; A 2005, 2777, 2807; 2007, 3117) — (Substituted in revision for NRS 645.6068)
NV Rev Stat § 645G.110 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.110 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Division. [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 by limitation 2 years after that date.]

  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 an exchange facilitator shall submit to the Division 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 Division 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 Division.  3. An applicant may not be licensed as an exchange facilitator by the Division 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 Division 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 1997, 2164; A 2005, 2777, 2778, 2807; 2007, 3117, 3118, 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) — (Substituted in revision for NRS 645.6068)
NV Rev Stat § 645G.120 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.120 - License required for certain members and officers of certain business organizations.

  1. If the exchange facilitator is a corporation qualified to do business in this State, every officer, director and exchange facilitator officer designated pursuant to NRS 645G.170 of the corporation who does business in this State must be licensed. No other employee is required to be licensed.  2. If the exchange facilitator is not a natural person or a publicly traded company, each shareholder, member or other owner who owns 10 percent or more of the voting stock, shares or other ownership interest of the exchange facilitator must be licensed.  (Added to NRS by 1993, 2020; A 2007, 3119) — (Substituted in revision for NRS 645.607)
NV Rev Stat § 645G.130 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.130 - Duties of licensee: Maintenance of principal place of business or registered agent in state; notice of change of address or telephone number; provision of information required by Division; notice of licensing changes to clients.

A licensee shall:  1. Maintain a principal place of business in this State or maintain a registered agent in this State;  2. Inform the Division in writing within 10 working days after any change in the address or telephone number of his or her principal place of business or registered agent, and provide any other information required by the Division; and  3. Inform all clients within 10 working days after:  (a) A change in any of the officers, directors, employees or owners of the licensee who are required to obtain a license pursuant to NRS 645G.120 or 645G.170; or  (b) The licensee or any person described in paragraph (a) acquires a new license, has his or her license suspended or revoked or otherwise relinquishes, loses or has any other change in the status of the license.  (Added to NRS by 1993, 2020; A 2007, 3119)
NV Rev Stat § 645G.140 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.140 - License nontransferable; business of licensee may only be sold or transferred to another licensee.

  1. A license issued pursuant to this chapter is nontransferable.  2. The business of a licensee must not be sold or ownership of the business transferred before the prospective buyer or owner has complied with the provisions of NRS 645G.100.  (Added to NRS by 2007, 3106)
NV Rev Stat § 645G.150 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.150 - Branch offices.

  1. A licensee may establish one or more branch offices in this State.  2. A licensee who establishes one or more branch offices in this State shall provide written notice to the Division of the establishment of any such branch office within 30 days after establishment of the branch office.  (Added to NRS by 2007, 3106)
NV Rev Stat § 645G.160 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.160 - Display of license.

A license issued pursuant to the provisions of this chapter must be conspicuously displayed in the primary place of business of the licensee, and a copy of the license must be conspicuously displayed in each branch office of the licensee.  (Added to NRS by 2007, 3106)
NV Rev Stat § 645G.170 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.170 - Designation of exchange facilitator officer.

  1. The business of a licensee, if the licensee is not a natural person, must be conducted under the direct management of an officer or employee of the licensee designated by the licensee as an exchange facilitator officer, who is licensed pursuant to the provisions of this chapter and who is:  (a) An attorney or certified public accountant admitted to practice in any state or territory of the United States;  (b) A certified exchange specialist certified by the Federation of Exchange Accommodators or its successor; or  (c) A person who has been actively conducting the business of an exchange facilitator or who has equivalent experience, as determined by the Division, for the 3 years immediately preceding his or her designation as an exchange facilitator officer.  2. A licensee shall notify the Division in writing within 10 working days after:  (a) The designation of any exchange facilitator officer, setting forth the experience and qualifications of the exchange facilitator officer and other such information as may be required by the Division; and  (b) The termination of the employment of any exchange facilitator officer.  (Added to NRS by 2007, 3106)
NV Rev Stat § 645G.180 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.180 - Effect of failure to renew before expiration.

If a licensee fails to apply for a renewal of his or her license before the date of the expiration thereof, no license may be issued to the licensee except upon another application for an original license, except that within 1 year of such expiration a renewal may be issued upon payment of a fee one and one-half times the amount otherwise required for renewal.  (Added to NRS by 2007, 3108)
NV Rev Stat § 645G.200 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.200 - Reciprocal license: Person licensed as exchange facilitator in another jurisdiction.

  1. A person who is licensed as an exchange facilitator in another state or territory of the United States and is not otherwise required to be licensed pursuant to the provisions of this chapter may submit an application for a reciprocal license as an exchange facilitator pursuant to the provisions of this section. The Division shall issue a reciprocal license to the applicant if:  (a) The applicant is licensed in a jurisdiction that grants reciprocal licensing to a person licensed pursuant to this chapter;  (b) The Division determines that the laws and regulations governing exchange facilitators of the jurisdiction in which the applicant is licensed are at least equivalent to the provisions of this chapter;  (c) The applicant provides proof satisfactory to the Division that the applicant has complied with the requirements of NRS 645G.320 and 645G.330;  (d) The applicant pays the fee required pursuant to NRS 645G.220;  (e) The applicant designates the Division as its representative to receive service of process for matters arising in this State; and  (f) The applicant does not maintain an office in this State in connection with the conduct of the business of an exchange facilitator.  2. The Division shall:  (a) Examine the laws of each state to identify the jurisdictions that meet the requirements for recognition of a reciprocal license pursuant to this section; and  (b) Publish annually a list of the jurisdictions that meet the requirements of this section.  3. A license issued pursuant to this section must be renewed annually on or before July 1, by providing the information required by the Division for that purpose and paying the renewal fee prescribed by NRS 645G.220.  (Added to NRS by 2007, 3113)
NV Rev Stat § 645G.210 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.210 - Special license: Financial institutions.

  1. A financial institution may obtain a special license pursuant to this section.   2. The Division shall issue a special license to a financial institution if the financial institution:  (a) Maintains an office in this State;  (b) Pays the fee required pursuant to NRS 645G.220 for the issuance of a license; and  (c) Complies with any other requirements set forth by regulations adopted by the Division.  3. A financial institution which obtains a special license pursuant to this section is exempt from the requirements of subsections 2 to 7, inclusive, of NRS 645G.100 except as otherwise required by regulations adopted by the Division.  4. A license issued pursuant to this section must be renewed annually on or before July 1 by providing the information required by the Division for that purpose and paying the renewal fee prescribed by NRS 645G.220.  (Added to NRS by 2007, 3113)
NV Rev Stat § 645G.220 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.220 - Fees; regulations.

  1. The Commissioner shall charge and collect the following fees:  (a) For the filing and investigation of an application for a license, a nonrefundable fee of not more than $1,000 and any additional expenses incurred in the process of investigation;  (b) For the issuance of a license, at least $200;  (c) For the annual renewal of a license, at least $200;  (d) For the issuance of a license for each branch office of a licensee, a nonrefundable fee of at least $200;  (e) For the annual renewal of a license for each branch office of a licensee, at least $250;  (f) For the issuance of a reciprocal license, at least $150;  (g) For the annual renewal of a reciprocal license, at least $150; and  (h) For the reissuance of a license because of a change in the business address of the licensee, at least $200.  2. All money received by the Commissioner pursuant to paragraph (a) of subsection 1 must be placed in the Investigative Account for Financial Institutions created by NRS 232.545.  3. The Commissioner shall adopt regulations establishing the amount of fees required pursuant to this section.  (Added to NRS by 2007, 3108)
NV Rev Stat § 645G.230 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.230 - Audit of licensees; report to Legislature.

  1. The Commissioner shall cause to be conducted at least every 5 years an audit of all licensees. The Commissioner shall cause to be conducted each year on a random basis additional partial audits of any licensee who has a history of violations of the provisions of this chapter, or the regulations adopted pursuant thereto, as determined by the Commissioner.  2. The Commissioner shall require the use of standard auditing procedures and shall establish a manual to describe the standard auditing procedures. The manual must include, without limitation:  (a) Specific audit objectives;  (b) Standards for documentation;  (c) Policies for supervisory review;  (d) Policies for the training of auditors;  (e) The format for the audit report; and  (f) Procedures for the presentation, distribution and retention of the audit report.  3. On or before March 1 of each year, the Commissioner shall make a report of each audit to the Legislature, if it is in session, or to the Interim Finance Committee, if the Legislature is not in session.  (Added to NRS by 2007, 3114)
NV Rev Stat § 645G.300 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.300 - Client’s money and property: Fiduciary duty of licensee.

  1. Each licensee is a fiduciary of all money, property, other considerations and instruments received by the licensee from the client.   2. Each licensee shall invest money related to a tax-deferred exchange of property in investments which meet the reasonable standards that are applicable to persons acting as fiduciaries in this State.  (Added to NRS by 2007, 3106)
NV Rev Stat § 645G.310 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.310 - Money held for client: Written approval required for withdrawal.

Money held in any account for a client may not be withdrawn from the account without the written approval of the licensee and the client.  (Added to NRS by 2007, 3107)