reglab/housing_qa huggingface dataset:
NV Rev Stat § 645F.370 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.370 - "Residence in foreclosure" defined.

Residence in foreclosure means residential real property consisting of not more than four family dwelling units and against which there is an outstanding notice of the pendency of an action for foreclosure recorded pursuant to NRS 14.010 or notice of default and election to sell recorded pursuant to NRS 107.080.  (Added to NRS by 2007, 2855; A 2011, 3639)
NV Rev Stat § 645F.380 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.380 - Applicability.

The provisions of NRS 645F.300 to 645F.450, inclusive, do not apply to, and the terms "foreclosure consultant" and "foreclosure purchaser" do not include:  1. An attorney at law licensed to practice in this State rendering services in the performance of his or her duties as an attorney at law, unless the attorney at law is rendering those services in the course and scope of his or her employment by or other affiliation with a person who is licensed or required to be licensed pursuant to NRS 645F.390 or is otherwise engaging in a practice that is comprised primarily of providing a covered service to his or her clients;  2. A provider of debt-management services registered pursuant to chapter 676A of NRS while providing debt-management services pursuant to chapter 676A of NRS;  3. A person or the authorized agent of a person acting under the provisions of a program sponsored by the Federal Government, this State or a local government, including, without limitation, the Department of Housing and Urban Development, the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association or the Federal Home Loan Bank System;  4. A person who holds or is owed an obligation secured by a mortgage or other lien on a residence in foreclosure if the person performs services in connection with this obligation or lien and the obligation or lien did not arise as the result of or as part of a proposed foreclosure reconveyance;  5. Any person doing business under the laws of this State or of the United States relating to banks, trust companies, savings and loan associations, savings banks, industrial loan and thrift companies, regulated lenders, credit unions, insurance companies, or a mortgagee which is a United States Department of Housing and Urban Development approved mortgagee and any subsidiary or affiliate of those persons, and any agent or employee of those persons while engaged in the business of those persons;  6. A person, other than a person who is licensed pursuant to NRS 645F.390, who is licensed pursuant to chapter 692A or any chapter of title 54 of NRS while acting under the authority of the license;  7. A nonprofit agency or organization that offers credit counseling or advice to a homeowner of a residence in foreclosure or a person in default on a loan and which maintains tax-exempt status under section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C. § 501(c)(3); or  8. A judgment creditor of the homeowner whose claim accrued before the recording of the notice of the pendency of an action for foreclosure against the homeowner pursuant to NRS 14.010 or the recording of the notice of default and election to sell pursuant to NRS 107.080.  (Added to NRS by 2007, 2855; A 2009, 1460, 1999; 2011, 1577, 3639; 2013, 121)
NV Rev Stat § 645F.390 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.390 - Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Licenses; fingerprints; regulations.

  1. The Commissioner shall adopt regulations for the licensing of:  (a) A person who performs any covered service for compensation;  (b) A foreclosure consultant; and  (c) A loan modification consultant.  2. The regulations must prescribe, without limitation:  (a) The method and form of application for a license;  (b) The method and form of the issuance, denial or renewal of a license;  (c) The grounds and procedures for the revocation, suspension or nonrenewal of a license;  (d) The imposition of reasonable fees for application and licensure; and  (e) Any provisions necessary to comply with the provisions of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, Public Law 110-289, 12 U.S.C. §§ 5101 et seq., including registration with the Registry, and the Mortgage Assistance Relief Services Rule, 16 C.F.R. Part 322, as promulgated by the Federal Trade Commission.  3. An application for a license pursuant to this section must include a complete set of the fingerprints of the applicant or, if the applicant is not a natural person, a complete set of the fingerprints of each person who will have an interest in the person who performs any covered service as a principal, partner, officer, director or trustee, and written permission authorizing the Division to forward the fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report.  (Added to NRS by 2009, 1457; A 2011, 3640)
NV Rev Stat § 645F.392 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.392 - Persons performing covered services for compensation: Written contracts for covered services; regulations.

  1. A person who performs any covered service for compensation shall execute a written contract with a homeowner before providing any covered service.  2. The Commissioner shall adopt regulations describing the information that must be contained in a written contract for covered services.  (Added to NRS by 2009, 1457; A 2011, 3641)
NV Rev Stat § 645F.398 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.398 - Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Notice requirements.

  1. A person who performs any covered service for compensation, a foreclosure consultant and a loan modification consultant shall, at the time the person who performs any covered service for compensation, the foreclosure consultant or the loan modification consultant provides a homeowner with a written agreement between the homeowner and the homeowner’s lender or servicer incorporating the offer of mortgage assistance obtained from the homeowner’s lender or servicer:  (a) Provide the following notice printed in at least 12-point type to the homeowner: "This is an offer of mortgage assistance we obtained from your lender [or servicer]. You may accept or reject the offer. If you reject the offer, you do not have to pay us. If you accept the offer, you will have to pay us [insert total amount or method of calculating the total amount] for our services."  The notice must be made in a clear and prominent manner on a separate written page and be preceded by the heading "IMPORTANT NOTICE: BEFORE BUYING THIS SERVICE, CONSIDER THE FOLLOWING INFORMATION" printed in at least 14-point bold type.  (b) Provide the homeowner with a notice printed in at least 12-point type from the homeowner’s lender or servicer which includes a complete description of all material differences between the terms, conditions and limitations which apply to the homeowner’s current mortgage loan and the terms, conditions and limitations which will apply to the homeowner’s mortgage loan if he or she accepts the offer of the lender or servicer, including, without limitation, the differences between the mortgage loans with regard to the:  (1) Principal balance;  (2) Contract interest rate, including the maximum rate and any adjustable rates;  (3) Amount and number of scheduled periodic payments;  (4) Monthly amounts owed for principal, interest, taxes and mortgage insurance;  (5) Amount of any delinquent payments owing or outstanding; and  (6) Term.  The notice required by this paragraph must be made in a clear and prominent manner on a separate written page and be preceded by the heading "IMPORTANT INFORMATION FROM [name of lender or servicer] ABOUT THIS OFFER" printed in at least 14-point bold type.  2. If the offer obtained from the lender or servicer by the person who performs any covered service for compensation, the foreclosure consultant or the loan modification consultant is a trial mortgage loan modification, the notice required by paragraph (b) of subsection 1 must include notice to the homeowner:  (a) That the homeowner may not qualify for a permanent mortgage loan modification; and  (b) Setting forth the likely amount of scheduled periodic payments and arrears, payments and fees the homeowner would owe if the homeowner failed to qualify for a permanent mortgage loan modification.  3. As used in this section, "total amount" has the meaning ascribed to it in NRS 645F.397.  (Added to NRS by 2011, 1575)
NV Rev Stat § 645F.400 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.400 - Persons performing covered services for compensation: Prohibited acts; penalty.

  1. A person who performs any covered service shall not:  (a) Claim, demand, charge, collect or receive any compensation except in accordance with the terms of a contract for covered services.  (b) Claim, demand, charge, collect or receive any fee, interest or other compensation for any reason which is not fully disclosed to the homeowner.  (c) Take or acquire, directly or indirectly, any wage assignment, lien on real or personal property, assignment of a homeowner’s equity, any interest in a residence or other security for the payment of compensation. Any such assignment or security is void and unenforceable.  (d) Receive any consideration from any third party in connection with a covered service provided to a homeowner unless the consideration is first fully disclosed to the homeowner.  (e) Accept a power of attorney from a homeowner for any purpose, other than to inspect documents as provided by law.  (f) Make any representation, express or implied, that a homeowner cannot or should not contact or communicate with his or her lender or servicer.  (g) Misrepresent any aspect of any covered service.  (h) Make any representation, express or implied, that a covered service is affiliated with, associated with or endorsed or approved by:  (1) The Federal Government, the State of Nevada or any department, agency or political subdivision thereof;  (2) Any governmental plan for homeowner assistance;  (3) Any nonprofit housing counselor agency or program;  (4) The maker, holder or servicer of a homeowner’s mortgage loan; or  (5) Any other person, entity or program.  (i) Make any representation, express or implied, about the benefits, performance or efficacy of any covered service unless, at the time the representation is made, the person who performs any covered service, the foreclosure consultant or the loan modification consultant possesses and relies upon competent and reliable evidence which substantiates that the representation is true. As used in this paragraph, "competent and reliable evidence" means tests, analyses, research, studies or other evidence based on the expertise of professionals in the relevant area that have been conducted and evaluated in an objective manner by persons qualified to do so using procedures generally accepted in the profession to yield accurate and reliable results.  (j) Obtain or attempt to obtain any waiver of the provisions of NRS 645F.300 to 645F.450, inclusive, or any regulations adopted pursuant thereto. Any such waiver is void and unenforceable.  2. In addition to any other penalty, a violation of any provision of this section shall be deemed to constitute mortgage lending fraud for the purposes of NRS 205.372.  (Added to NRS by 2007, 2856; A 2009, 1461; 2011, 1577, 3642)
NV Rev Stat § 645F.405 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.405 - Foreclosure consultants, loan modification consultants and persons performing covered services for compensation prohibited from claiming or receiving compensation before homeowner executes written agreement.

A person who performs any covered service for compensation, a foreclosure consultant and a loan modification consultant shall not claim, demand, charge, collect or receive any compensation before a homeowner has executed a written agreement with the lender or servicer incorporating the offer of mortgage assistance obtained from the lender or servicer by the person who performs any covered service for compensation, the foreclosure consultant or the loan modification consultant.  (Added to NRS by 2011, 1573)
NV Rev Stat § 645F.410 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.410 - Administrative penalties for violation of chapter, regulation or other applicable law; disposition of money collected as administrative penalties; appointment of hearing officers or panels by Commissioner; claims for attorney’s fees and investigative costs.

  1. In addition to any other remedy or penalty, the Commissioner may, after giving notice and opportunity to be heard, impose an administrative penalty of not more than $25,000 on any person licensed or required to be licensed pursuant to NRS 645F.390 who violates any provision of this chapter or any regulation adopted pursuant thereto or any other applicable law.  2. Except as otherwise provided in this section, all money collected from administrative penalties imposed pursuant to this section must be deposited in the State General Fund.  3. The money collected from an administrative penalty may be deposited with the State Treasurer for credit to the Account for Mortgage Lending created by NRS 645F.270 if:  (a) The person pays the administrative penalty without exercising the right to a hearing to contest the penalty; or  (b) The administrative penalty is imposed in a hearing conducted by a hearing officer or panel appointed by the Commissioner.  4. The Commissioner may appoint one or more hearing officers or panels and may delegate to those hearing officers or panels the power of the Commissioner to conduct hearings, determine violations and impose the penalties authorized by this section.  5. If money collected from an administrative penalty is deposited in the State General Fund, the Commissioner may present a claim to the State Board of Examiners for recommendation to the Interim Finance Committee if money is needed to pay attorney’s fees or the costs of an investigation, or both.  (Added to NRS by 2007, 2856; A 2011, 3642)
NV Rev Stat § 645F.420 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.420 - Homeowner may bring action to recover damages.

  1. A homeowner who is injured as a result of a person’s violation of a provision of NRS 645F.400 may bring an action against the person to recover damages caused by the violation, together with reasonable attorney’s fees and costs.  2. If the homeowner prevails in the action, the court may award such punitive damages as may be determined by a jury, or by a court sitting without a jury, but in no case may the punitive damages be less than one and one-half times the amount awarded to the homeowner as actual damages.  (Added to NRS by 2007, 2857; A 2011, 3643)
NV Rev Stat § 645F.430 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.430 - Foreclosure purchasers: Criminal penalty for fraud or deceit against homeowner.

A foreclosure purchaser who engages in any conduct that operates as a fraud or deceit upon a homeowner in connection with a transaction that is subject to the provisions of NRS 645F.300 to 645F.450, inclusive, including, without limitation, a foreclosure reconveyance, is guilty of a gross misdemeanor and shall be punished by imprisonment in the county jail for not more than 364 days, or by a fine of not more than $50,000, or by both fine and imprisonment.  (Added to NRS by 2007, 2857; A 2009, 1461; 2011, 1578; 2013, 992)
NV Rev Stat § 645F.440 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.440 - Foreclosure purchasers: Transaction rescinded due to fraud or deceit upon homeowner.

  1. In addition to the penalty provided in NRS 645F.430 and except as otherwise provided in subsection 5, if a foreclosure purchaser engages in any conduct that operates as a fraud or deceit upon a homeowner in connection with a transaction that is subject to the provisions of NRS 645F.300 to 645F.450, inclusive, including, without limitation, a foreclosure reconveyance, the transaction in which the foreclosure purchaser acquired title to the residence in foreclosure may be rescinded by the homeowner within 2 years after the date of the recording of the conveyance.  2. To rescind a transaction pursuant to subsection 1, the homeowner must give written notice to the foreclosure purchaser and a successor in interest to the foreclosure purchaser, if the successor in interest is not a bona fide purchaser, and record that notice with the recorder of the county in which the property is located. The notice of rescission must contain:  (a) The name of the homeowner, the foreclosure purchaser and any successor in interest who holds title to the property; and  (b) A description of the property.  3. Within 20 days after receiving notice pursuant to subsection 2:  (a) The foreclosure purchaser and the successor in interest, if the successor in interest is not a bona fide purchaser, shall reconvey to the homeowner title to the property free and clear of encumbrances which were created subsequent to the rescinded transaction and which are due to the actions of the foreclosure purchaser; and  (b) The homeowner shall return to the foreclosure purchaser any consideration received from the foreclosure purchaser in exchange for the property.  4. If the foreclosure purchaser has not reconveyed to the homeowner title to the property within the period described in subsection 3, the homeowner may bring an action to enforce the rescission in the district court of the county in which the property is located.  5. A transaction may not be rescinded pursuant to this section if the foreclosure purchaser has transferred the property to a bona fide purchaser.  6. As used in this section, "bona fide purchaser" means any person who purchases an interest in a residence in foreclosure from a foreclosure purchaser in good faith and for valuable consideration and who does not know or have reasonable cause to believe that the foreclosure purchaser engaged in conduct which violates subsection 1.  (Added to NRS by 2007, 2857; A 2009, 1461; 2011, 1579)
NV Rev Stat § 645F.445 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.445 - Person with knowledge of violation prohibited from providing assistance or support to violating foreclosure consultant, loan modification consultant or person performing covered service for compensation.

A person who knows or reasonably should know that another person who performs any covered service for compensation, a foreclosure consultant or a loan modification consultant is in violation of any provision of NRS 645F.300 to 645F.450, inclusive, and any regulations adopted pursuant thereto shall not provide substantial assistance or support to the person who performs any covered service for compensation, the foreclosure consultant or the loan modification consultant.  (Added to NRS by 2011, 1576)
NV Rev Stat § 645F.450 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.450 - Cumulative nature of rights, remedies and penalties.

The rights, remedies and penalties provided pursuant to the provisions of NRS 645F.300 to 645F.450, inclusive, are cumulative and do not abrogate and are in addition to any other rights, remedies and penalties that may exist at law or in equity, including, without limitation, any criminal penalty that may be imposed pursuant to NRS 645F.430.  (Added to NRS by 2007, 2858; A 2009, 1462; 2011, 1579)
NV Rev Stat § 645F.500 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.500 - Applicability.

The provisions of NRS 645F.500 to 645F.540, inclusive, do not apply to:  1. A depository financial institution, as that term is defined in NRS 645E.060, or any subsidiary or holding company of a depository financial institution if such entity maintains its principal place of business or a branch office in this State.  2. A real estate investment trust, as that term is defined in 26 U.S.C. § 856(a), unless the business conducted by the trust in this State is not subject to supervision by the appropriate regulatory body of a jurisdiction outside of this State.  3. Any trustee of an employee benefit plan, as that term is defined in 29 U.S.C. § 1002(3), who makes a residential mortgage loan directly from money in the plan.  4. An attorney who is licensed in this State and who does not engage in the business of, or otherwise hold himself or herself out as being able to provide services related to, a mortgage servicer, if the activities of the attorney are directly incidental to the representation of a client.  5. A person performing any act pursuant to a court order.  6. A federal or state agency or a political subdivision of this State, including, without limitation, the Public Employees’ Retirement System.  7. A nonprofit organization that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, 26 U.S.C. § 501(c)(3).  8. A mortgage servicer that, in the aggregate with any affiliates, services not more than 10 residential mortgage loans in this State during a calendar year.  9. A person licensed pursuant to the provisions of chapter 645B, 645E or 675 of NRS who is collecting payments on a mortgage loan or servicing one or more mortgage loans made or arranged by the person under his or her license.  (Added to NRS by 2015, 2807; A 2017, 3082)
NV Rev Stat § 645F.510 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.510 - License required.

Except as otherwise provided in NRS 645F.500, a person shall not engage in the business of a mortgage servicer or hold himself or herself out as a mortgage servicer in this State without a license issued pursuant to this chapter.  (Added to NRS by 2015, 2806)
NV Rev Stat § 645F.520 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.520 - Regulations.

  1. The Commissioner:  (a) Shall adopt regulations establishing the requirements for the licensure and supervision of mortgage servicers in this State.  (b) May adopt any other regulations necessary to carry out the provisions of NRS 645F.500 to 645F.540, inclusive.  2. The regulations adopted pursuant to subsection 1 must:  (a) Prescribe the form and contents of an application for the initial issuance and renewal of a license as a mortgage servicer.  (b) Prescribe the manner in which an application may be approved or denied.  (c) Prescribe the grounds and procedures for the revocation, suspension, denial or nonrenewal of a license.  (d) Establish reasonable fees for an application, the initial issuance of a license and the renewal of a license.  (e) Establish the manner in which the Commissioner may take appropriate disciplinary action, including, without limitation, the imposition of an administrative fine, against any person for a violation of any regulation adopted pursuant to subsection 1 or any provision of NRS 645F.500 to 645F.540, inclusive.  (Added to NRS by 2015, 2806)