reglab/housing_qa huggingface dataset:
NV Rev Stat § 692A.103 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.103 - Licensing of escrow officers: Application; qualifications; term; renewal; regulations. [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. A person who wishes to obtain a license as an escrow officer must:  (a) File a written application in the Office of the Commissioner;  (b) Except as otherwise provided in subsection 3, demonstrate competency in matters relating to escrows by:  (1) Having at least 1 year of recent experience with respect to escrows of a sufficient nature to allow the person to fulfill the responsibilities of an escrow officer; or  (2) Passing a written examination concerning escrows as prescribed by the Commissioner;  (c) Submit the name and business address of the title agent who will supervise the escrow officer;  (d) Submit the statement required pursuant to NRS 692A.1033; and  (e) Pay the fees required by NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110.  2. The Commissioner shall issue a license as an escrow officer to any person who satisfies the requirements of subsection 1.  3. The Commissioner may waive the requirements of paragraph (b) of subsection 1 if the applicant submits with his or her application satisfactory proof that the applicant, in good standing, currently holds a license, or held a license within 1 year before the date the applicant submits the application, which was issued pursuant to the provisions of NRS 645A.020.  4. A license issued pursuant to this chapter continues in force for 3 years unless it is suspended, revoked or otherwise terminated. The license may be renewed upon submission of the statement required pursuant to NRS 692A.1033 and payment of all applicable fees for renewal to the Commissioner on or before the last day of the month in which the license is renewable.  5. A license which is not renewed expires at midnight on the last day specified for its renewal. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the license if the request is accompanied by the statement required pursuant to NRS 692A.1033 and a fee for renewal of 150 percent of all applicable fees otherwise required, except for any fee required pursuant to NRS 680C.110.  6. The Commissioner shall adopt regulations to carry out the provisions of this section.  (Added to NRS by 1985, 1822; A 1987, 465; 1995, 1006; 1997, 2201; 2009, 1813)
NV Rev Stat § 692A.103 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.103 - Licensing of escrow officers: Application; qualifications; term; renewal; regulations. [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.]

  1. A person who wishes to obtain a license as an escrow officer must:  (a) File a written application in the Office of the Commissioner;  (b) Except as otherwise provided in subsection 3, demonstrate competency in matters relating to escrows by:  (1) Having at least 1 year of recent experience with respect to escrows of a sufficient nature to allow the person to fulfill the responsibilities of an escrow officer; or  (2) Passing a written examination concerning escrows as prescribed by the Commissioner;  (c) Submit the name and business address of the title agent who will supervise the escrow officer; and  (d) Pay the fees required by NRS 680B.010 and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110.  2. The Commissioner shall issue a license as an escrow officer to any person who satisfies the requirements of subsection 1.  3. The Commissioner may waive the requirements of paragraph (b) of subsection 1 if the applicant submits with his or her application satisfactory proof that the applicant, in good standing, currently holds a license, or held a license within 1 year before the date the applicant submits the application, which was issued pursuant to the provisions of NRS 645A.020.  4. A license issued pursuant to this chapter continues in force for 3 years unless it is suspended, revoked or otherwise terminated. The license may be renewed by payment of all applicable fees for renewal to the Commissioner on or before the last day of the month in which the license is renewable.  5. A license which is not renewed expires at midnight on the last day specified for its renewal. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the license if the request is accompanied by a fee for renewal of 150 percent of all applicable fees otherwise required, except for any fee required pursuant to NRS 680C.110.  6. The Commissioner shall adopt regulations to carry out the provisions of this section.  (Added to NRS by 1985, 1822; A 1987, 465; 1995, 1006; 1997, 2201; 2009, 1813, 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)
NV Rev Stat § 692A.1033 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.1033 - Payment of child support: Statement by applicant for license as title agent or escrow officer; 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 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. An applicant for the issuance or renewal of a license as a title agent or escrow officer 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. A license as a title agent or escrow officer may not be issued or renewed by the Commissioner if the applicant:  (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 1997, 2200)
NV Rev Stat § 692A.1035 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.1035 - Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [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. If the Commissioner receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is the holder of a license as a title agent or escrow officer, the Commissioner shall deem the license issued to that person to be suspended at the end of the 30th day after the date on which the court order was issued unless the Commissioner receives a letter issued to the holder of the license by the district attorney or other public agency pursuant to NRS 425.550 stating that the holder of the license has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.  2. The Commissioner shall reinstate a license as a title agent or escrow officer that has been suspended by a district court pursuant to NRS 425.540 if the Commissioner receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.  (Added to NRS by 1997, 2201)
NV Rev Stat § 692A.1037 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.1037 - Application for issuance of license as title agent or escrow officer must include social security number. [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.]

An application for the issuance of a license as a title agent or escrow officer must include the social security number of the applicant.  (Added to NRS by 1997, 2201)
NV Rev Stat § 692A.1042 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.1042 - Title agent or insurer authorized to deposit substitute form of security in lieu of surety bond; amount deposited required to be equal to amount of bond; interest or dividends accrue to depositor.

  1. As a substitute for the surety bond required by NRS 692A.1041, a title agent or title insurer may, in accordance with the provisions of this section, deposit with any bank or trust company authorized to do business in this state, in a form approved by the Commissioner:  (a) An obligation of a bank, savings and loan association, savings bank, thrift company or credit union licensed to do business in this state;  (b) Bills, bonds, notes, debentures or other obligations of the United States or any agency or instrumentality thereof, or guaranteed by the United States; or  (c) Any obligation of this state or any city, county, town, township, school district or other instrumentality of this state, or guaranteed by this state.  2. The obligations of a bank, savings and loan association, savings bank, thrift company or credit union must be held to secure the same obligation as would the surety bond. With the approval of the Commissioner, the depositor may substitute other suitable obligations for those deposited which must be assigned to the State of Nevada and are negotiable only upon approval by the Commissioner.  3. Any interest or dividends earned on the deposit accrue to the account of the depositor.  4. The deposit must be in an amount at least equal to the required surety bond and must state that the amount may not be withdrawn except by direct and sole order of the Commissioner. The value of any item deposited pursuant to this section must be based upon principal amount or market value, whichever is lower.  (Added to NRS by 1999, 3813)
NV Rev Stat § 692A.1043 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.1043 - Cancellation of bond: Notices required; revocation of license unless equivalent bond or substitute form of security furnished.

  1. The surety may cancel a bond upon giving 60 days’ notice to the Commissioner by certified mail. Upon receipt by the Commissioner of such a notice, the Commissioner immediately shall notify the title agent or title insurer who is the principal on the bond of the effective date of cancellation of the bond, and that the license or certificate of authority of the title agent or title insurer will be revoked unless the title agent or title insurer furnishes an equivalent bond or a substitute form of security authorized by NRS 692A.1042 before the effective date of the cancellation. The notice must be sent to the title agent or title insurer by certified mail to his or her last address of record filed in the office of the Division.  2. If the title agent or title insurer does not comply with the requirements set out in the notice from the Commissioner, the license or certificate of authority of the title agent or title insurer must be revoked on the date the bond is cancelled.  (Added to NRS by 1999, 3813)
NV Rev Stat § 692A.1044 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.1044 - Action on bond: Procedure; limitation on time; duties of Commissioner; preliminary payment by surety; action for interpleader; payment.

  1. Any person claiming against a bond may bring an action in a court of competent jurisdiction on the bond for damages to the extent covered by the bond. A person who brings an action on a bond shall notify the Commissioner in writing upon filing the action. An action may not be commenced after the expiration of 3 years following the commission of the act on which the action is based.  2. Upon receiving a request from a person for whose benefit a bond is required, the Commissioner shall notify the person:  (a) That a bond is in effect and the amount of the bond; and  (b) If there is an action against the bond, the title, court and case number of the action and the amount sought by the plaintiff.  3. If a surety wishes to make payment without awaiting action by a court, the amount of the bond must be reduced to the extent of any payment made by the surety in good faith under the bond. Any payment must be based on written claims received by the surety before any action is taken by a court.  4. The surety may bring an action for interpleader against all claimants upon the bond. If it does so, it shall publish notice of the action at least once each week for 2 weeks in every issue of a newspaper of general circulation in the county where the title agent or title insurer has its principal place of business. The surety may deduct its costs of the action, including attorney’s fees and publication, from its liability under the bond.  5. Claims against a bond have equal priority, and if the bond is insufficient to pay all claims in full, they must be paid on a pro rata basis. Partial payment of claims is not full payment, and any claimant may bring an action against the title agent or title insurer for the unpaid balance.  (Added to NRS by 1999, 3813)
NV Rev Stat § 692A.1045 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.1045 - Title insurers and title agents: Fees for supervision and examination by Commissioner; standards for determining adequate supervision of title agents and escrow officers.

  1. The Commissioner shall establish by regulation the fees to be paid by title agents and title insurers for their supervision and examination by the Commissioner or a representative of the Commissioner.  2. In establishing the fees pursuant to subsection 1, the Commissioner shall consider:  (a) The complexity of the various examinations to which the fees apply;  (b) The skill required to conduct such examinations;  (c) The expenses associated with conducting such examinations and preparing reports; and  (d) Any other factors the Commissioner deems relevant.  3. The Commissioner shall, with the approval of the Commissioner of Financial Institutions, adopt regulations prescribing the standards for determining whether a title insurer or title agent has maintained adequate supervision of a title agent or escrow officer pursuant to the provisions of this chapter.  (Added to NRS by 1991, 1855; A 1993, 580; 2001, 2228)
NV Rev Stat § 692A.107 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.107 - Disciplinary action against title insurer or refusal to license.

  1. In addition to the grounds provided in NRS 680A.200 for insurers generally, the Commissioner may refuse to license any title insurer or may suspend any license or impose a fine of not more than $500 for each violation by entering an order to that effect, with findings in respect thereto, if upon a hearing, it is determined that the applicant or licensee:  (a) Has committed fraud in connection with any transaction governed by this chapter;  (b) Has failed without reasonable cause to furnish to the parties of an escrow their respective statements of the settlement within a reasonable time after the close of escrow;  (c) Has failed without reasonable cause to deliver, within a reasonable time after the close of escrow, to the respective parties of an escrow transaction any money, documents or other properties held in escrow in violation of the provisions of the escrow instructions;  (d) Has commingled the money of others with his or her own or converted the money of others to his or her own use;  (e) Has failed, before the close of escrow, to obtain written instructions concerning any essential or material fact or intentionally failed to follow the written instructions which have been agreed upon by the parties and accepted by the holder of the escrow;  (f) Has failed to disclose in writing that the applicant or licensee is acting in the dual capacity of escrow agent or agency and undisclosed principal in any escrow transaction; or  (g) Has failed to maintain adequate supervision of an escrow officer or title agent whom the applicant or licensee has certified pursuant to subsection 3 of NRS 692A.110.  2. The Commissioner may refuse to issue a license to any person who, within 10 years before the date of applying for a current license, has had suspended or revoked a license issued pursuant to this chapter or a comparable license issued by any other state, district or territory of the United States or any foreign country.  (Added to NRS by 1985, 1824; A 1991, 1859)
NV Rev Stat § 692A.108 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.108 - Powers of Commissioner when capital of title agent impaired or title agent’s affairs are in unsafe condition.

  1. If the Commissioner ascertains that the assets or capital of any title agent are impaired or that a title agent’s affairs are in an unsafe condition, the Commissioner may immediately take possession of all the property, business and assets of the title agent which are located in this state and retain possession of them pending further proceedings provided for in this chapter.  2. If the board of directors or any officer or person in charge of the offices of such a title agent refuses to permit the Commissioner to take possession of the property, the Commissioner shall communicate that fact to the Attorney General. Thereupon the Attorney General shall immediately institute such proceedings as may be necessary to place the Commissioner in immediate possession of the property of the title agent. The Commissioner thereupon shall make or cause to be made an inventory of the assets and known liabilities of the title agent.  3. The Commissioner shall file one copy of the inventory in his or her office and one copy in the office of the clerk of the district court of the county in which the principal office of the title agent is located and shall mail one copy to each stockholder, partner, officer or associate of the agent at his or her last known address.  4. The clerk of the court with which the copy of the inventory is filed shall file it as any other case or proceeding pending in the court and shall give it a docket number.  (Added to NRS by 1991, 1856)
NV Rev Stat § 692A.109 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.109 - Receivership.

  1. The officers, directors, partners, associates or stockholders of the title agent may, within 60 days after the date the Commissioner takes possession of the property, business and assets, make good any deficit which may exist or remedy the unsafe condition of its affairs.  2. At the expiration of such time, if the deficiency in assets or capital has not been made good or the unsafe condition remedied, the Commissioner may apply to the court to be appointed receiver and proceed to liquidate the assets of the title agent which are located in this state in the same manner as now provided by law for liquidation of a private corporation in receivership.  3. No other person may be appointed receiver by any court without first giving the Commissioner reasonable notice of his or her application.  4. The inventory made by the Commissioner and all claims filed by creditors are open at all reasonable times for inspection and any action taken by the receiver upon any of the claims is subject to the approval of the court before which the cause is pending.  5. The expenses of the receiver and compensation of counsel, as well as all expenditures required in the liquidation proceedings, must be fixed by the Commissioner subject to the approval of the court, and, upon certification of the Commissioner, must be paid out of the money that he or she possesses as receiver.  (Added to NRS by 1991, 1856)
NV Rev Stat § 692A.110 (2021)
2021 Nevada Revised Statutes|Chapter 692A - Title Insurance|NRS 692A.110 - Title insurers: Authorized activities; prohibited activity; certification and supervision of title agents and escrow officers.

  1. Each title insurer may:  (a) Engage in title insurance business if licensed to do so by the Commissioner.  (b) Take action incidental to the making of a contract or policy of title insurance, directly or through a title agent or escrow officer employed by the title insurer, including the conducting or holding of money in escrow, making settlements and closing transactions.  (c) Provide any other service related or incidental to the sale and transfer of property if it has filed notice with the Commissioner of its intention to provide the service, and the Commissioner has not disapproved the service within 30 days after the Commissioner’s receipt of the notice.  (d) Invest in title plants.  2. No title insurer may engage in the business of guaranteeing the obligations of other persons.  3. Each title insurer shall, no later than February 1 of each calendar year, certify to the Commissioner the title agents and escrow officers it employs or appoints, including title agents and escrow officers employed by a title agent whom it has appointed. Each title insurer is responsible for and shall supervise the acts of each person that is required to be certified pursuant to this section.  (Added to NRS by 1977, 979; A 1985, 1826; 1991, 1859)