reglab/housing_qa huggingface dataset:
NV Rev Stat § 645B.355 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.355 - Mortgage company prohibited from acting as construction control. [Effective January 1, 2020.]

A mortgage company shall not act as a construction control with respect to money belonging to a borrower or investor. If a borrower or investor wishes to utilize a construction control for money belonging to the borrower or investor, a mortgage company must place the money with a person who is independent of the mortgage company and is licensed or authorized to accept such money. The money must be subject to the control of a construction control which is in compliance with, or exempt from, the provisions of NRS 627.180 or 627.183.  (Added to NRS by 2011, 3605; A 2017, 3066, effective January 1, 2020)
NV Rev Stat § 645B.356 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.356 - Restrictions on placing private investor into certain entities before foreclosure of real property securing loan. [Effective through December 31, 2019.]

  1. A mortgage broker shall not place or arrange to place a private investor into a limited-liability company, business trust or other entity before or after foreclosure of the real property securing the loan, or receipt of a deed in lieu of foreclosure in full satisfaction of a loan secured by the real property, unless the mortgage broker:  (a) Provides a copy of the organizational documents of the limited-liability company, business trust or other entity to each investor not later than 5 days before the transfer of the interest in the loan or the interest in the real property;  (b) Obtains the written authorization of a sufficient number of the investors to act on behalf of all the investors pursuant to NRS 645B.340; and  (c) Obtains the written authorization of each investor consenting to the transfer of his or her interest in the loan or in the real property to the limited-liability company, business trust or other entity.  2. If a private investor is placed into a limited-liability company, business trust or other entity pursuant to subsection 1, any beneficial interest in a loan or ownership interest in real property of the private investor who does not consent to the placement, including, without limitation, any interest of a tenant in common who does not consent to the placement, must be placed in the limited-liability company, business trust or other entity by a reference to this section and by the signatures on the necessary documents of the investors consenting to the placement. The investors who consent to an action pursuant to subsection 1 shall designate a representative to sign any necessary documents on behalf of the investors who do not consent to the action, and if the representative maintains written evidence of the consent of the number of investors described in paragraph (b) of subsection 1, the representative is not liable for any action taken pursuant to this subsection.  3. The documents provided to each investor pursuant to paragraph (a) of subsection 1 must clearly and concisely state any fees which will be paid to the mortgage broker by the limited-liability company, business trust or other entity, and the sections of the documents that state fees must be initialed by the investor and any representative designated pursuant to subsection 2.  4. A mortgage broker or mortgage agent shall not act as the attorney-in-fact or the agent of a private investor for the signing or dating of the written authorization.  5. Any term of a contract or other agreement that attempts to alter or waive the requirements of this section is void.  (Added to NRS by 2011, 3605; A 2013, 2169)
NV Rev Stat § 645B.356 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.356 - Restrictions on placing private investor into certain entities before foreclosure of real property securing loan. [Effective January 1, 2020.]

  1. A mortgage company shall not place or arrange to place a private investor into a limited-liability company, business trust or other entity before or after foreclosure of the real property securing the loan, or receipt of a deed in lieu of foreclosure in full satisfaction of a loan secured by the real property, unless the mortgage company:  (a) Provides a copy of the organizational documents of the limited-liability company, business trust or other entity to each investor not later than 5 days before the transfer of the interest in the loan or the interest in the real property;  (b) Obtains the written authorization of a sufficient number of the investors to act on behalf of all the investors pursuant to NRS 645B.340; and  (c) Obtains the written authorization of each investor consenting to the transfer of his or her interest in the loan or in the real property to the limited-liability company, business trust or other entity.  2. If a private investor is placed into a limited-liability company, business trust or other entity pursuant to subsection 1, any beneficial interest in a loan or ownership interest in real property of the private investor who does not consent to the placement, including, without limitation, any interest of a tenant in common who does not consent to the placement, must be placed in the limited-liability company, business trust or other entity by a reference to this section and by the signatures on the necessary documents of the investors consenting to the placement. The investors who consent to an action pursuant to subsection 1 shall designate a representative to sign any necessary documents on behalf of the investors who do not consent to the action, and if the representative maintains written evidence of the consent of the number of investors described in paragraph (b) of subsection 1, the representative is not liable for any action taken pursuant to this subsection.  3. The documents provided to each investor pursuant to paragraph (a) of subsection 1 must clearly and concisely state any fees which will be paid to the mortgage company by the limited-liability company, business trust or other entity, and the sections of the documents that state fees must be initialed by the investor and any representative designated pursuant to subsection 2.  4. A mortgage company or mortgage loan originator shall not act as the attorney-in-fact or the agent of a private investor for the signing or dating of the written authorization.  5. Any term of a contract or other agreement that attempts to alter or waive the requirements of this section is void.  (Added to NRS by 2011, 3605; A 2013, 2169; 2017, 3066, effective January 1, 2020)
NV Rev Stat § 645B.357 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.357 - Restriction on collection of fees by mortgage broker; application of fees. [Effective through December 31, 2019.]

  1. A mortgage broker shall not assess or collect any fee which is not:  (a) Authorized by the loan documents or loan servicing agreement; and  (b) Assessed or collected in exchange for bona fide services rendered or costs incurred.  2. A mortgage broker shall apply all fees collected in the manner set forth in the loan documents or loan servicing agreement.  (Added to NRS by 2011, 3605)
NV Rev Stat § 645B.357 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.357 - Restriction on collection of fees by mortgage company; application of fees. [Effective January 1, 2020.]

  1. A mortgage company shall not assess or collect any fee which is not:  (a) Authorized by the loan documents or loan servicing agreement; and  (b) Assessed or collected in exchange for bona fide services rendered or costs incurred.  2. A mortgage company shall apply all fees collected in the manner set forth in the loan documents or loan servicing agreement.  (Added to NRS by 2011, 3605; A 2017, 3067, effective January 1, 2020)
NV Rev Stat § 645B.400 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.400 - Requirements to provide services of or engage in activities of mortgage agent. [Effective through December 31, 2019.]

A person shall not act as or provide any of the services of a mortgage agent or otherwise engage in, carry on or hold himself or herself out as engaging in or carrying on the activities of a mortgage agent unless the person:  1. Has a license as a mortgage agent issued pursuant to NRS 645B.410.  2. Is:  (a) If the person is not a loan processor who is an independent contractor, an employee of a mortgage broker or mortgage banker; or  (b) An employee of or associated with a person who holds a certificate of exemption pursuant to NRS 645B.016.  3. If the person is required to register with the Registry:  (a) Is an employee of and whose sponsorship has been entered with the Registry by a mortgage broker, mortgage banker or person who holds a certificate of exemption pursuant to NRS 645B.016 as required by subsection 2 of NRS 645B.450; and  (b) Is registered with and provides any identifying number issued by the Registry.  (Added to NRS by 2003, 3543; A 2011, 3617; 2013, 116)
NV Rev Stat § 645B.400 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.400 - Requirements to provide services of or engage in activities of mortgage loan originator. [Effective January 1, 2020.]

A person shall not act as or provide any of the services of a mortgage loan originator, otherwise engage in, carry on or hold himself or herself out as engaging in or carrying on the activities of a mortgage loan originator or supervise a mortgage loan originator unless the person:  1. Has a license as a mortgage loan originator issued pursuant to NRS 645B.410 to 645B.460, inclusive, or is an employee of or associated with a person who holds a certificate of exemption pursuant to NRS 645B.016.  2. If the person is required to register with the Registry:  (a) Is an employee of and whose sponsorship has been entered with the Registry by a mortgage company or person who holds a certificate of exemption pursuant to NRS 645B.016 as required by subsection 2 of NRS 645B.450; and  (b) Is registered with and provides any identifying number issued by the Registry.  (Added to NRS by 2003, 3543; A 2011, 3617; 2013, 116; 2017, 3067, effective January 1, 2020)
NV Rev Stat § 645B.405 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.405 - License as mortgage agent required for mortgage broker or qualified employee who engages in or supervises a mortgage agent who engages in activities as residential mortgage loan originator. [Effective through December 31, 2019.]

A mortgage broker or qualified employee who wishes to engage in activities as a residential mortgage loan originator or to supervise a mortgage agent who engages in activities as a residential mortgage loan originator must obtain and maintain a license as a mortgage agent pursuant to the provisions of NRS 645B.400 to 645B.460, inclusive.  (Added to NRS by 2009, 2677)
NV Rev Stat § 645B.405 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.405 - License as mortgage loan originator required for mortgage company or qualified employee who engages in or supervises a mortgage loan originator who engages in activities as residential mortgage loan originator. [Effective January 1, 2020.]

A mortgage company or qualified employee who wishes to engage in activities as a residential mortgage loan originator or to supervise a mortgage loan originator who engages in activities as a residential mortgage loan originator must obtain and maintain a license as a mortgage loan originator pursuant to the provisions of NRS 645B.400 to 645B.460, inclusive.  (Added to NRS by 2009, 2677; A 2017, 3067, effective January 1, 2020)
NV Rev Stat § 645B.420 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.420 - 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) An applicant for the issuance of a license as a mortgage agent pursuant to this chapter shall include the social security number of the applicant in the application submitted to the Commissioner.  (b) An applicant for the issuance or renewal of a license as a mortgage agent pursuant to this chapter 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 a license as a mortgage agent; or  (b) A separate form prescribed by the Commissioner.  3. The license as a mortgage agent 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 2003, 3545; A 2005, 2785, 2817)
NV Rev Stat § 645B.420 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.420 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective January 1, 2020, and 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) An applicant for the issuance of a license as a mortgage loan originator pursuant to this chapter shall include the social security number of the applicant in the application submitted to the Commissioner.  (b) An applicant for the issuance or renewal of a license as a mortgage loan originator pursuant to this chapter 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 a license as a mortgage loan originator; or  (b) A separate form prescribed by the Commissioner.  3. The license as a mortgage loan originator 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 2003, 3545; A 2005, 2785, 2817; 2017, 3069, effective January 1, 2020)
NV Rev Stat § 645B.420 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.420 - 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, an applicant for the issuance or renewal of a license as a mortgage loan originator pursuant to this chapter 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 a license as a mortgage loan originator; or  (b) A separate form prescribed by the Commissioner.  3. The license as a mortgage loan originator 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 2003, 3545; A 2005, 2785, 2786, 2817; 2017, 3069, effective 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)
NV Rev Stat § 645B.450 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.450 - Conditions and limitations regarding employment of or association with mortgage agent; duties of mortgage broker, mortgage banker or certain exempt persons upon termination of mortgage agent. [Effective through December 31, 2019.]

  1. A person licensed as a mortgage agent pursuant to the provisions of NRS 645B.410 may not be associated with or employed by more than one licensed or registered mortgage broker or mortgage banker or person who holds a certificate of exemption pursuant to NRS 645B.016 at the same time.  2. A mortgage broker, mortgage banker or person who holds a certificate of exemption pursuant to NRS 645B.016 shall not associate with or employ a person as a mortgage agent or authorize a person to be associated with the mortgage broker, mortgage banker or exempt person who holds a certificate of exemption pursuant to NRS 645B.016 as a mortgage agent if the mortgage agent is not licensed with the Division pursuant to NRS 645B.410. Before allowing a mortgage agent to act on its behalf, a mortgage broker, mortgage banker or person who holds a certificate of exemption pursuant to NRS 645B.016, must:  (a) Enter its sponsorship of the mortgage agent with the Registry; or  (b) If the mortgage agent is not required to be registered with the Registry, notify the Division of its sponsorship of the mortgage agent.  3. If a mortgage agent terminates his or her association or employment with a mortgage broker, mortgage banker or exempt person who holds a certificate of exemption pursuant to NRS 645B.016 for any reason, the mortgage broker, mortgage banker or person who holds a certificate of exemption pursuant to NRS 645B.016 shall, not later than the third business day following the date of termination:  (a) Remove its sponsorship of the mortgage agent from the Registry; or  (b) If the mortgage agent is not required to be registered with the Registry, deliver to the Division and to the mortgage agent at the last known residence address of the mortgage agent a written statement which includes the name, address and license number of the mortgage agent and a statement of the circumstances of the termination.  (Added to NRS by 1999, 3769; A 2001, 2472; 2003, 2723, 2863, 3552; 2011, 1393, 3620)