reglab/housing_qa huggingface dataset:
NV Rev Stat § 645B.955 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.955 - Commissioner may require licensee to pay restitution. [Effective January 1, 2020.]

  1. A person who engages in an activity for which a license as a mortgage company or mortgage loan originator is required pursuant to this chapter, without regard to whether such a person is licensed pursuant to this chapter, may be required by the Commissioner to pay restitution to any person who has suffered an economic loss as a result of a violation of the provisions of this chapter or any regulation adopted pursuant thereto.  2. Notwithstanding the provision of paragraph (d) of subsection 1 of NRS 622A.120, payment of restitution pursuant to subsection 1 shall be done in a manner consistent with the provisions of chapter 622A of NRS.  (Added to NRS by 2009, 746; A 2011, 3624; 2017, 2850, 3080, effective January 1, 2020)
NV Rev Stat § 645B.960 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.960 - Penalties for violations relating to escrow or trust accounts.

  1. A person, or any general partner, director, officer, agent or employee of a person, who violates any provision of NRS 645B.165 to 645B.180, inclusive, is guilty of:  (a) A misdemeanor if the amount involved is less than $650;  (b) A gross misdemeanor if the amount involved is $650 or more but less than $1,000; or  (c) A category D felony if the amount involved is $1,000 or more, and shall be punished as provided in NRS 193.130.  2. In addition to any other penalty, if a person is convicted of or enters a plea of nolo contendere to a violation described in subsection 1, the court shall order the person to pay:  (a) Court costs; and  (b) Reasonable costs of the investigation and prosecution of the violation.  (Added to NRS by 1981, 1785; A 1985, 2191; 1989, 1442; 1995, 1313; 1999, 3801; 2011, 179)
NV Rev Stat § 645C.010 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.010 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 645C.020 to 645C.130, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1989, 822; A 1997, 300; 2009, 1520; 2019, 479)
NV Rev Stat § 645C.020 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.020 - "Administrator" defined.

Administrator means the Real Estate Administrator.  (Added to NRS by 1989, 822)
NV Rev Stat § 645C.030 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.030 - "Appraisal" defined.

Appraisal means an analysis, opinion or conclusion, whether written or oral, relating to the nature, quality, value or use of a specified interest in, or aspect of, identified real estate for or with the expectation of receiving compensation.  (Added to NRS by 1989, 822)
NV Rev Stat § 645C.032 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.032 - "Appraisal firm" defined.

Appraisal firm means a person, limited-liability company, partnership, association or corporation:  1. Which, for compensation, prepares and communicates appraisals;  2. Whose principal is an appraiser licensed pursuant to this chapter; and  3. Whose principal supervises, trains and reviews work product produced by the persons who produce appraisals for the person, limited-liability company, partnership, association or corporation, including, without limitation, employees and independent contractors.  (Added to NRS by 2009, 1513)
NV Rev Stat § 645C.034 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.034 - "Appraisal management company" defined.

  1. "Appraisal management company" means a person, limited-liability company, partnership, association or corporation which, for compensation:  (a) Functions as a third-party intermediary between an appraiser valuing properties which secure mortgage loans or mortgages incorporated into a securitization and:  (1) A creditor of a consumer credit transaction secured by the principal dwelling of a consumer or other principal in secondary mortgage markets; or  (2) Any other user of real estate appraisal services;  (b) Recruits, selects, retains and administers a network or panel of appraisers in this State or in the United States, performing real estate appraisal services as independent contractors;  (c) Enters into an agreement to provide real estate appraisal services with a user of such services and one or more appraisers performing such services as independent contractors;  (d) Manages the process of having an appraisal performed, including, without limitation, providing administrative duties such as:  (1) Receiving appraisal orders and appraisal reports;  (2) Submitting completed appraisal reports to creditors and underwriters;  (3) Collecting fees from creditors and underwriters for services provided; and  (4) Reimbursing appraisers for services performed;  (e) Reviews and verifies the work of appraisers;  (f) Contracts with certified appraisers and licensed appraisers to perform appraisal assignments; or  (g) Otherwise serves as a third-party broker of appraisal services.  2. The term does not include:  (a) An appraisal firm;  (b) Any person licensed to practice law in this State who orders an appraisal in connection with a bona fide client relationship when that person directly contracts with an independent appraiser;  (c) Any person or entity that contracts with an independent appraiser acting as an independent contractor for the completion of appraisal assignments that the person or entity cannot complete for any reason, including, without limitation, competency, workload, scheduling or geographic location; and  (d) Any person or entity that contracts with an independent appraiser acting as an independent contractor for the completion of a real estate appraisal assignment and, upon the completion of such an assignment, cosigns the appraisal report with the independent appraiser acting as an independent contractor.  (Added to NRS by 2009, 1513; A 2019, 479)
NV Rev Stat § 645C.037 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.037 - "Appraisal Subcommittee" defined.

Appraisal Subcommittee means the Appraisal Subcommittee of the Federal Financial Institutions Examination Council.  (Added to NRS by 2019, 477)
NV Rev Stat § 645C.040 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.040 - "Appraiser" defined.

Appraiser means a person who prepares or communicates an appraisal, but does not include anyone who merely relays an appraisal on behalf of the person who prepares it.  (Added to NRS by 1989, 822)
NV Rev Stat § 645C.045 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.045 - "Certificate" defined.

Certificate means a certificate issued to an appraiser pursuant to this chapter.  (Added to NRS by 1991, 887)
NV Rev Stat § 645C.047 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.047 - "Certified appraiser" defined.

Certified appraiser means an appraiser to whom a certificate has been issued pursuant to this chapter.  (Added to NRS by 1991, 887)
NV Rev Stat § 645C.050 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.050 - "Commission" defined.

Commission means the Commission of Appraisers of Real Estate.  (Added to NRS by 1989, 822)
NV Rev Stat § 645C.055 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.055 - "Complex property" defined.

Complex property means residential property which:  1. Is atypical for the marketplace in which it is located based on, without limitation, such factors as:  (a) The architectural style of the property;  (b) Special improvements made to the property;  (c) The size of the lot;  (d) The use of the property;  (e) Environmental factors related to the property; and  (f) Ownership of a partial interest in the property; and  2. Requires techniques to be used other than a simple comparison of sales or an analysis of cost or income in order to produce a reliable appraisal of that property.  (Added to NRS by 1997, 299)
NV Rev Stat § 645C.060 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.060 - "Division" defined.

Division means the Real Estate Division of the Department of Business and Industry.  (Added to NRS by 1989, 822; A 1993, 1893)
NV Rev Stat § 645C.065 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.065 - "Federal financial institutions regulatory agency" defined.

Federal financial institutions regulatory agency means the:  1. Board of Governors of the Federal Reserve System;  2. Federal Deposit Insurance Corporation;  3. Office of the Comptroller of the Currency;  4. National Credit Union Administration;  5. Federal Housing Finance Agency; or  6. Consumer Financial Protection Bureau.  (Added to NRS by 2019, 477)
NV Rev Stat § 645C.067 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.067 - "Federally related transaction" defined.

Federally related transaction means any financial transaction related to real estate which:  1. A federal financial institutions regulatory agency or the Resolution Trust Corporation engages in, contracts for or regulates; and  2. Requires the services of an appraiser.  (Added to NRS by 2019, 477)
NV Rev Stat § 645C.070 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.070 - "Intern" defined.

Intern means a person who actively assists in the preparation or communication of an appraisal, but does not include anyone who merely provides information concerning real estate to an appraiser or records, transcribes or copies information concerning real estate for an appraiser, or relays an appraisal on behalf of an appraiser.  (Added to NRS by 1989, 822)
NV Rev Stat § 645C.080 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.080 - "License" defined.

License means a license issued to an appraiser pursuant to this chapter.  (Added to NRS by 1989, 823)
NV Rev Stat § 645C.090 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.090 - "Licensed appraiser" defined.

Licensed appraiser means an appraiser to whom a license has been issued pursuant to this chapter.  (Added to NRS by 1989, 823)
NV Rev Stat § 645C.100 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.100 - "Permit" defined.

Permit means a permit to conduct an appraisal issued to an appraiser by the Administrator pursuant to NRS 645C.363.  (Added to NRS by 1989, 823; A 1991, 887; 1993, 812)
NV Rev Stat § 645C.110 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.110 - "Real estate" defined.

Real estate includes land, any improvements and fixtures permanently affixed thereon, and every right, interest or estate therein, whether legal or equitable, whether corporeal or incorporeal, and whether the property is situated in this state or elsewhere, including without limitation freeholds, leaseholds and interests in condominiums, townhouses and planned unit developments.  (Added to NRS by 1989, 823)
NV Rev Stat § 645C.120 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.120 - "Registered intern" defined.

Registered intern means an intern to whom a registration card has been issued pursuant to this chapter.  (Added to NRS by 1989, 823)
NV Rev Stat § 645C.130 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.130 - "Registration card" defined.

Registration card means a card issued to an intern pursuant to this chapter signifying the intern’s registration by the Division.  (Added to NRS by 1989, 823)
NV Rev Stat § 645C.140 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.140 - Purpose of chapter.

The purpose of this chapter is to carry out the policy expressed in the portion of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (12 U.S.C. §§ 3331-3351) which concerns appraisers, to establish a program in this state to license and certify appraisers, and to protect the users of appraisals in this state.  (Added to NRS by 1989, 823; A 1991, 887)
NV Rev Stat § 645C.150 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.150 - Applicability of chapter.

The provisions of this chapter do not apply to:  1. A federal or state employee, or an employee of a local government, who prepares or communicates an appraisal as part of his or her official duties, unless a license or certificate is required as a condition of that employment.  2. A person appointed to evaluate real estate pursuant to chapter 152 of NRS or NRS 269.125, except as required by the appointing judge.  3. A board of appraisers acting pursuant to NRS 269.135.  4. A person licensed pursuant to chapter 645 or 684A of NRS, or certified pursuant to chapter 645D of NRS, while performing an act within the scope of his or her license or certificate.  5. A person who makes an evaluation of real estate as an incidental part of his or her employment for which special compensation is not provided, if that evaluation is only provided to the person’s employer for internal use within the place of his or her employment.  6. A person who makes an assessment of the value of property in connection with a judicial proceeding for eminent domain brought pursuant to chapter 37 of NRS.  (Added to NRS by 1989, 823; A 1991, 887; 1997, 1797; 2005, 522)
NV Rev Stat § 645C.170 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.170 - Administration by Division; employment of professional consultants to investigate complaints; employees of Division.

  1. The Division shall:  (a) Administer this chapter and may employ legal counsel, investigators and other professional consultants necessary to the discharge of its duties pursuant to this chapter; and  (b) Within the limits of available money, employ or contract for the services of professional consultants to investigate complaints, conduct audits and perform any other activities necessary to ensure compliance with Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.  2. No employee of the Division may:  (a) Be employed by or have an interest in any business that prepares appraisals; or  (b) Act as an appraiser, as an agent for an appraiser or as an intern.  (Added to NRS by 1989, 825; A 2001, 3169)
NV Rev Stat § 645C.175 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.175 - Authority for Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions.

  1. The Administrator may adopt regulations which establish procedures for the Division to conduct business electronically pursuant to title 59 of NRS with persons who are regulated pursuant to this chapter and with any other persons with whom the Division conducts business. The regulations may include, without limitation, the establishment of fees to pay the costs of conducting business electronically with the Division.  2. In addition to the process authorized by NRS 719.280, if the Division is conducting business electronically with a person and a law requires a signature or record to be notarized, acknowledged, verified or made under oath, the Division may allow the person to substitute a declaration that complies with the provisions of NRS 53.045 or 53.250 to 53.390, inclusive, to satisfy the legal requirement.  3. The Division may refuse to conduct business electronically with a person who has failed to pay money which the person owes to the Division or the Commission.  (Added to NRS by 2003, 1296; A 2011, 18)
NV Rev Stat § 645C.180 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.180 - Commission of Appraisers of Real Estate: Creation; appointment and terms of members; limitations on membership.

  1. The Commission of Appraisers of Real Estate is hereby created, consisting of five members appointed by the Governor.  2. At least two members of the Commission must be residents of the southern district of Nevada, which consists of the counties of Clark, Esmeralda, Lincoln and Nye.  3. At least two members of the Commission must be residents of the northern district of Nevada, which consists of Carson City, and the counties of Churchill, Douglas, Elko, Eureka, Humboldt, Lander, Lyon, Mineral, Pershing, Storey, Washoe and White Pine.  4. Not more than two members may be appointed from any one county.  5. After the terms of the initial members, the Commission must contain at least two members who hold certificates as general appraisers and at least two members who hold certificates or licenses as residential appraisers.  6. A member of the Commission is eligible for reappointment, but shall not serve for a period greater than 6 years consecutively, after which the member is not eligible for appointment or reappointment until 3 years have elapsed from his or her previous period of service.  (Added to NRS by 1989, 823; A 1991, 888)
NV Rev Stat § 645C.190 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.190 - Commission of Appraisers of Real Estate: Qualifications and oaths of members.

  1. Each member of the Commission must:  (a) Be a citizen of the United States or be lawfully entitled to remain and work in the United States;  (b) Have been a resident of the State of Nevada for not less than 5 years;  (c) Have been actively engaged in business as an appraiser within the State for a period of not less than 3 years immediately preceding the date of appointment; and  (d) After the terms of the initial members, be a certified or licensed appraiser.  2. Before entering upon the duties of his or her office, each member of the Commission shall take:  (a) The constitutional oath of office; and  (b) An oath that the member is legally qualified to serve as a member of the Commission.  (Added to NRS by 1989, 824; A 1991, 888)
NV Rev Stat § 645C.200 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.200 - Commission of Appraisers of Real Estate: Fiscal year; officers; meetings; compensation, per diem allowance and travel expenses of members.

  1. The Commission shall:  (a) Operate on the basis of a fiscal year beginning on July 1 and ending on June 30.  (b) At the first meeting of each fiscal year, elect a President, Vice President and Secretary to serve for the ensuing year.  (c) Hold at least two meetings each year, one in the southern part of the State and one in the northern part of the State, at times and places designated by the Commission. When there is sufficient business, additional meetings of the Commission may be held at the call of the President of the Commission. Written notice of the time, place and purpose of each meeting must be given to each member at least 3 working days before the meeting.  2. While engaged in the business of the Commission, each member of the Commission is entitled to receive:  (a) A salary of not more than $150 per day, as fixed by the Commission; and  (b) A per diem allowance and travel expenses at a rate fixed by the Commission. The rate must not exceed the rate provided for state officers and employees generally.  (Added to NRS by 1989, 824; A 1991, 495; 2007, 2958)
NV Rev Stat § 645C.210 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.210 - Commission of Appraisers of Real Estate: Powers and duties; regulations; service of process.

  1. The Commission shall:  (a) Adopt a seal to authenticate its proceedings.  (b) Conduct hearings pursuant to this chapter.  (c) Establish programs for education and research in the preparation and communication of appraisals.  (d) Adopt regulations:  (1) Governing the examinations, education and experience required by this chapter;  (2) Establishing standards for the preparation and communication of appraisals; and  (3) Establishing standards of professional conduct.  (e) Perform any other acts necessary to carry out the provisions of this chapter.  2. The Commission may:  (a) Adopt such regulations as are reasonable and necessary for the administration of this chapter; and  (b) By regulation delegate any authority conferred on it by this chapter to the Administrator to be exercised pursuant to the regulations of the Commission.  3. Service of process and other communications upon the Commission may be made at the principal office of the Division.  (Added to NRS by 1989, 824)
NV Rev Stat § 645C.215 (2021)
2021 Nevada Revised Statutes|Chapter 645C - Appraisers of Real Estate and Appraisal Management Companies|NRS 645C.215 - Administrative fine for engaging in certain conduct without certificate, license, registration, registration card or authorization; procedure for imposition of fine; judicial review; exceptions.

  1. In addition to any other remedy or penalty, the Commission may impose an administrative fine against any person who knowingly:  (a) Engages or offers to engage in any activity for which a certificate, license, registration or registration card or any type of authorization is required pursuant to this chapter, or any regulation adopted pursuant thereto, if the person does not hold the required certificate, license, registration or registration card or has not been given the required authorization; or  (b) Assists or offers to assist another person to commit a violation described in paragraph (a).  2. If the Commission imposes an administrative fine against a person pursuant to this section, the amount of the administrative fine may not exceed the amount of any gain or economic benefit that the person derived from the violation or $5,000, whichever amount is greater.  3. In determining the appropriate amount of the administrative fine, the Commission shall consider:  (a) The severity of the violation and the degree of any harm that the violation caused to other persons;  (b) The nature and amount of any gain or economic benefit that the person derived from the violation;  (c) The person’s history or record of other violations; and  (d) Any other facts or circumstances that the Commission deems to be relevant.  4. Before the Commission may impose the administrative fine, the Commission must provide the person with notice and an opportunity to be heard.  5. The person is entitled to judicial review of the decision of the Commission in the manner provided by chapter 233B of NRS.  6. The provisions of this section do not apply to a person who engages or offers to engage in activities within the purview of this chapter if:  (a) A specific statute exempts the person from complying with the provisions of this chapter with regard to those activities; and  (b) The person is acting in accordance with the exemption while engaging or offering to engage in those activities.  (Added to NRS by 2003, 1297; A 2009, 1521) — (Substituted in revision for NRS 645C.555)