reglab/housing_qa huggingface dataset:
NV Rev Stat § 645A.215 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.215 - Prohibition on administering escrows in same location as or in conjunction with other businesses; exceptions. [Effective through December 31, 2019.]

  1. Except as otherwise provided in subsection 2, a licensee may not conduct the business of administering escrows for compensation within any office, suite, room or place of business in which any other business is solicited or engaged in, except a notary public, or in association or conjunction with any other business, unless authority to do so is given by the Commissioner.  2. A licensee may conduct the business of administering escrows pursuant to this chapter in the same office or place of business as a mortgage banker if:  (a) The licensee and the mortgage banker:  (1) Operate as separate legal entities;  (2) Maintain separate accounts, books and records;  (3) Are subsidiaries of the same parent corporation; and  (4) Maintain separate licenses; and  (b) The mortgage banker is licensed by this state pursuant to chapter 645E of NRS and does not conduct any business as a mortgage broker licensed pursuant to chapter 645B of NRS in the office or place of business.  (Added to NRS by 1993, 503; A 1999, 3764; 2003, 3540) — (Substituted in revision for NRS 645A.037)
NV Rev Stat § 645A.215 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.215 - Prohibition on administering escrows in same location as or in conjunction with other businesses; exceptions. [Effective January 1, 2020.]

  1. Except as otherwise provided in subsection 2, a licensee may not conduct the business of administering escrows for compensation within any office, suite, room or place of business in which any other business is solicited or engaged in, except a notary public, or in association or conjunction with any other business, unless authority to do so is given by the Commissioner.  2. A licensee may conduct the business of administering escrows pursuant to this chapter in the same office or place of business as a mortgage company if:  (a) The licensee and the mortgage company:  (1) Operate as separate legal entities;  (2) Maintain separate accounts, books and records;  (3) Are subsidiaries of the same parent corporation; and  (4) Maintain separate licenses; and  (b) The mortgage company is licensed by this state pursuant to chapter 645B of NRS.  (Added to NRS by 1993, 503; A 1999, 3764; 2003, 3540; 2017, 3035, effective January 1, 2020) — (Substituted in revision for NRS 645A.037)
NV Rev Stat § 645A.220 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.220 - Transactions by foreign corporations.

It is unlawful for any foreign corporation to transact any escrow business in this state unless it:  1. Qualifies under chapter 80 of NRS; and  2. Complies with the provisions of this chapter unless exempted by NRS 645A.015.  (Added to NRS by 1973, 1312; A 1979, 401)
NV Rev Stat § 645A.221 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.221 - Contracts for escrow transaction voidable for certain violations; administrative fines.

If a person, or any general partner, director, officer, agent or employee of a person, violates the provisions of NRS 645A.015 or 645A.220:  1. Any contracts entered into by that person for the escrow transaction are voidable by the other party to the contract; and  2. In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $50,000.  (Added to NRS by 2009, 741; A 2015, 2796)
NV Rev Stat § 645A.222 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.222 - Civil action authorized for certain violations.

In addition to any other remedy or penalty, if a person violates the provisions of NRS 645A.015 or 645A.220, the respective parties to the escrow transaction may bring a civil action against the person for:  1. Actual and consequential damages;  2. Punitive damages, which are subject to the provisions of NRS 42.005;  3. Reasonable attorney’s fees and costs; and  4. Any other legal or equitable relief that the court deems appropriate.  (Added to NRS by 2009, 741; A 2015, 2796)
NV Rev Stat § 645A.224 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.224 - Employee of Division prohibited from interest in escrow agency.

A person shall not have a pecuniary interest in or act as an escrow agent for any escrow agency while he or she is an employee of the Division.  (Added to NRS by 1985, 1807; A 1991, 1855)
NV Rev Stat § 645A.225 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.225 - Charge for statement of interest payments prohibited.

An escrow agent or agency shall not charge a fee for any statement or tax return regarding payment of interest which federal law requires the agent or agency to furnish and file.  (Added to NRS by 1989, 1068)
NV Rev Stat § 645A.230 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.230 - Penalties for violations.

Any person who violates:  1. NRS 645A.015, 645A.160 or 645A.220 is guilty of a gross misdemeanor.  2. Any other provision of this chapter is guilty of a misdemeanor.  (Added to NRS by 1973, 1313; A 1985, 1818; 2015, 2797)
NV Rev Stat § 645A.235 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.235 - Restitution.

  1. A person who engages in an activity for which a license as an escrow agent or escrow agency 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, 741; A 2011, 3602; 2017, 2850)
NV Rev Stat § 645B.010 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.010 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 645B.0102 to 645B.01356, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1973, 1536; A 1975, 961; 1977, 1635; 1981, 1785; 1983, 1378, 1700; 1985, 2186; 1987, 498, 1876; 1989, 965; 1995, 1097; 1999, 3779; 2001, 2464; 2003, 3546; 2009, 2677; 2011, 3605; 2013, 113; 2015, 2797; 2017, 3036)
NV Rev Stat § 645B.0102 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0102 - "Applicant" defined. [Effective January 1, 2020.]

Applicant means a person who applies for licensure as a mortgage company pursuant to this chapter.  (Added to NRS by 2017, 3035, effective January 1, 2020)
NV Rev Stat § 645B.0104 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0104 - "Clerical or ministerial tasks" defined.

Clerical or ministerial tasks means communication with a person to obtain, and the receipt, collection and distribution of, information necessary for the processing or underwriting of a mortgage loan.  (Added to NRS by 2009, 2676)
NV Rev Stat § 645B.01043 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.01043 - "Commercial mortgage loan" defined. [Effective January 1, 2020.]

Commercial mortgage loan means a loan primarily for a business, commercial or agricultural purpose that:  1. Directly or indirectly, is secured by a lien on commercial property; and  2. Is created with the consent of the owner of the commercial property.  (Added to NRS by 2017, 3035, effective January 1, 2020)
NV Rev Stat § 645B.01047 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.01047 - "Commercial property" defined. [Effective January 1, 2020.]

Commercial property means any real property which is located in this State and which is neither used as a dwelling nor upon which a dwelling is constructed or intended to be constructed. For the purposes of this section, "dwelling" has the meaning ascribed to it in section 103(v) of the federal Truth in Lending Act, 15 U.S.C. § 1602(w).  (Added to NRS by 2017, 3035, effective January 1, 2020)
NV Rev Stat § 645B.0105 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0105 - "Commissioner" defined.

Commissioner means the Commissioner of Mortgage Lending.  (Added to NRS by 1999, 3765; A 2003, 3546)
NV Rev Stat § 645B.0107 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0107 - "Construction control" defined.

Construction control has the meaning ascribed to it in NRS 627.050.  (Added to NRS by 1999, 3765)
NV Rev Stat § 645B.0109 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0109 - "Depository financial institution" defined.

Depository financial institution means a bank, savings and loan association, savings bank, thrift company or credit union.  (Added to NRS by 1999, 3765)
NV Rev Stat § 645B.0111 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0111 - "Division" defined.

Division means the Division of Mortgage Lending of the Department of Business and Industry.  (Added to NRS by 1999, 3765; A 2003, 3546)
NV Rev Stat § 645B.0112 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0112 - "Dwelling" defined.

Dwelling has the meaning ascribed to it in section 103(v) of the federal Truth in Lending Act, 15 U.S.C. § 1602(v).  (Added to NRS by 2011, 3603)
NV Rev Stat § 645B.01125 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.01125 - "Employee" defined.

Employee means a natural person:  1. Whose manner and means of performance of work are subject to the right of control of, or are controlled by, another person; and  2. Whose compensation for federal income tax purposes is reported, or required to be reported, on Form W-2 issued by the controlling person.  (Added to NRS by 2013, 113)
NV Rev Stat § 645B.0113 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0113 - "Escrow agency" defined.

Escrow agency has the meaning ascribed to it in NRS 645A.010.  (Added to NRS by 1999, 3765)
NV Rev Stat § 645B.0115 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0115 - "Escrow agent" defined.

Escrow agent has the meaning ascribed to it in NRS 645A.010.  (Added to NRS by 1999, 3765)
NV Rev Stat § 645B.0117 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0117 - "Escrow officer" defined.

Escrow officer has the meaning ascribed to it in NRS 692A.028.  (Added to NRS by 1999, 3765)
NV Rev Stat § 645B.0119 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0119 - "Financial services license or registration" defined.

Financial services license or registration means any license or registration issued in this State or any other state, district or territory of the United States that authorizes the person who holds the license or registration to engage in any business or activity described in the provisions of this chapter, title 55 of NRS or chapter 604A, 645, 645A, 645C, 645G or 649 of NRS.  (Added to NRS by 1999, 3765; A 2005, 1712; 2017, 3036)
NV Rev Stat § 645B.012 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.012 - "Institutional investor" defined. [Effective January 1, 2020.]

Institutional investor means a person who, in the regular course of business, makes commercial mortgage loans of more than $250,000 that are funded exclusively from one or more of the following sources:  1. The person’s cash, corporate capital or warehouse credit lines at a depository financial institution or other sources that are liability items on the person’s financial statements.  2. Correspondent contracts between the person and another institutional investor or between the person and a depository financial institution, trust company, profit-sharing or pension trust, installment lender or insurance company.  3. An affiliate’s cash, corporate capital or warehouse credit lines at a depository financial institution or other sources that are liability items on the affiliate’s financial statements for which the affiliate’s assets are pledged. As used in this subsection, "affiliate" means another person who, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with the person who is the institutional investor.  (Added to NRS by 2017, 3035, effective January 1, 2020)
NV Rev Stat § 645B.0121 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0121 - "Investor" defined.

Investor means a person who wants to acquire or who acquires ownership of or a beneficial interest in a loan secured by a lien on real property.  (Added to NRS by 1999, 3765)
NV Rev Stat § 645B.0123 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0123 - "Licensee" defined. [Effective through December 31, 2019.]

Licensee means a person who is licensed or required to be licensed as a mortgage broker pursuant to this chapter. The term does not include a person issued a license as a mortgage agent pursuant to NRS 645B.410 who is acting properly within the scope of that license.  (Added to NRS by 1999, 3765; A 2003, 3546; 2013, 114)
NV Rev Stat § 645B.0123 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0123 - "Licensee" defined. [Effective January 1, 2020.]

Licensee means a person who is licensed or required to be licensed as a mortgage company pursuant to this chapter. The term does not include a person issued a license as a mortgage loan originator pursuant to NRS 645B.410 who is acting properly within the scope of that license.  (Added to NRS by 1999, 3765; A 2003, 3546; 2013, 114; 2017, 3036, effective January 1, 2020)
NV Rev Stat § 645B.0124 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0124 - "Loan processor" defined.

  1. "Loan processor" means a natural person who:  (a) Receives, collects, distributes or analyzes information that is commonly used for the processing of a residential mortgage loan; and  (b) Communicates with a consumer to obtain the information necessary for the activities described in paragraph (a).  2. The communication described in paragraph (b) of subsection 1 does not include communication offering or negotiating loan rates or terms or counseling consumers about residential mortgage loan rates or terms.  (Added to NRS by 2011, 3603)
NV Rev Stat § 645B.01245 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.01245 - "Majority of the investors" defined.

Majority of the investors means the investors holding 51 percent or more of the beneficial interests in a loan.  (Added to NRS by 2011, 3603)
NV Rev Stat § 645B.0125 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0125 - "Mortgage agent" defined. [Effective through December 31, 2019.]

  1. "Mortgage agent" means:  (a) A natural person who:  (1) Is an employee of a mortgage broker or mortgage banker who is required to be licensed pursuant to this chapter or chapter 645E of NRS; and  (2) Is authorized by the mortgage broker or mortgage banker to engage in, on behalf of the mortgage broker or mortgage banker, any activity that would require the person, if the person were not an employee of the mortgage broker or mortgage banker, to be licensed as a mortgage broker or mortgage banker pursuant to this chapter or chapter 645E of NRS;  (b) A mortgage broker, qualified employee or mortgage banker who is required by NRS 645B.405 or 645E.290 to be licensed as a mortgage agent; or  (c) A loan processor who is an independent contractor and who is associated with a mortgage broker, mortgage banker or person who holds a certificate of exemption pursuant to NRS 645B.016.  2. The term includes, but is not limited to, a residential mortgage loan originator.  3. The term does not include a person who:  (a) Except as otherwise provided in paragraph (b) of subsection 1, is licensed as a mortgage broker or mortgage banker;  (b) Is an owner, general partner, officer or director of a mortgage broker or mortgage banker who does not engage in any activity that would otherwise require a license as a mortgage broker or mortgage banker;  (c) Except as otherwise provided in paragraph (c) of subsection 1, performs only clerical or ministerial tasks for a mortgage broker or mortgage banker; or  (d) Collects payments and performs related services, including, without limitation, the modification of an existing loan, in connection with a loan secured by a lien on real property and who does not undertake any other activity that would otherwise require a license pursuant to this chapter or chapter 645E or 645F of NRS.  (Added to NRS by 1999, 3765; A 2009, 2677; 2011, 3605)
NV Rev Stat § 645B.0125 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0125 - "Mortgage loan originator" defined. [Effective January 1, 2020.]

  1. "Mortgage loan originator" means:  (a) A natural person who:  (1) Is an employee of a mortgage company who is required to be licensed pursuant to this chapter; and  (2) Is authorized by the mortgage company to engage in, on behalf of the mortgage company, any activity that would require the person, if the person were not an employee of the mortgage company, to be licensed as a mortgage company pursuant to this chapter;  (b) A mortgage company or qualified employee who is required by NRS 645B.405 to be licensed as a mortgage loan originator; or  (c) A loan processor who is an independent contractor and who is associated with a mortgage company or person who holds a certificate of exemption pursuant to NRS 645B.016.  2. The term includes, but is not limited to, a residential mortgage loan originator.  3. The term does not include a person who:  (a) Except as otherwise provided in paragraph (b) of subsection 1, is licensed as a mortgage company;  (b) Is an owner, general partner, officer or director of a mortgage company who does not engage in any activity that would otherwise require a license as a mortgage company;  (c) Except as otherwise provided in paragraph (c) of subsection 1, performs only clerical or ministerial tasks for a mortgage company; or  (d) Collects payments and performs related services, including, without limitation, the modification of an existing loan, in connection with a loan secured by a lien on real property and who does not undertake any other activity that would otherwise require a license pursuant to this chapter or chapter 645F of NRS.  (Added to NRS by 1999, 3765; A 2009, 2677; 2011, 3605; 2017, 3036, effective January 1, 2020)
NV Rev Stat § 645B.0127 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0127 - "Mortgage broker" defined. [Effective through December 31, 2019.]

  1. "Mortgage broker" means a person who, directly or indirectly:  (a) Holds himself or herself out for hire to serve as an agent for any person in an attempt to obtain a loan which will be secured by a lien on real property;  (b) Holds himself or herself out for hire to serve as an agent for any person who has money to lend, if the loan is or will be secured by a lien on real property;  (c) Holds himself or herself out as being able to make loans secured by liens on real property;  (d) Holds himself or herself out as being able to buy or sell notes secured by liens on real property; or  (e) Offers for sale in this State any security which is exempt from registration under state or federal law and purports to make investments in promissory notes secured by liens on real property.  2. The term includes a wholesale lender.  3. The term does not include a person who is licensed as a mortgage banker, as defined in NRS 645E.100, unless the person is also licensed as a mortgage broker pursuant to this chapter.  (Added to NRS by 1999, 3765; A 2003, 3546; 2015, 2797)
NV Rev Stat § 645B.0127 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0127 - "Mortgage company" defined. [Effective January 1, 2020.]

  1. "Mortgage company" means a person who, directly or indirectly:  (a) Holds himself or herself out for hire to serve as an agent for any person in an attempt to obtain a loan which will be secured by a lien on real property;  (b) Holds himself or herself out for hire to serve as an agent for any person who has money to lend, if the loan is or will be secured by a lien on real property;  (c) Holds himself or herself out as being able to make loans secured by liens on real property;  (d) Holds himself or herself out as being able to buy or sell notes secured by liens on real property; or  (e) Offers for sale in this State any security which is exempt from registration under state or federal law and purports to make investments in promissory notes secured by liens on real property.  2. The term includes a wholesale lender.  (Added to NRS by 1999, 3765; A 2003, 3546; 2015, 2797; 2017, 3037, effective January 1, 2020)
NV Rev Stat § 645B.0128 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0128 - "Nationwide Mortgage Licensing System and Registry" and "Registry" defined.

Nationwide Mortgage Licensing System and Registry or "Registry" means the mortgage licensing system developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators for licensing and registration of residential mortgage loan originators.  (Added to NRS by 2009, 2676)
NV Rev Stat § 645B.0129 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0129 - "Policy of title insurance" defined.

Policy of title insurance has the meaning ascribed to it in NRS 692A.035.  (Added to NRS by 1999, 3766)
NV Rev Stat § 645B.01305 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.01305 - "Private investor" defined.

Private investor means:  1. An investor who is a natural person and who provides his or her own money for investment in a loan secured by a lien on real property; and  2. Two or more investors who are relatives and who jointly provide their own money for investment in a loan secured by a lien on real property, unless the investors are acting on behalf of a partnership, a corporation or some other separate legal entity.  (Added to NRS by 2001, 2463)
NV Rev Stat § 645B.0131 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0131 - "Relative" defined.

Relative means a spouse or any other person who is related within the second degree by blood or marriage.  (Added to NRS by 1999, 3766)