reglab/housing_qa huggingface dataset:
NV Rev Stat § 645A.097 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.097 - Investigation, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license.

The expiration or revocation of a license of an escrow agent or agency by operation of law or by order or decision of the Commissioner or a court of competent jurisdiction, or the voluntary surrender of a license, does not:  1. Prohibit the Commissioner from initiating or continuing an investigation of, or action or disciplinary proceeding against, the escrow agent or agency as authorized pursuant to the provisions of this chapter or the regulations adopted pursuant thereto; or  2. Prevent the imposition or collection of any fine or penalty authorized pursuant to the provisions of this chapter or the regulations adopted pursuant thereto against the escrow agent or agency.  (Added to NRS by 2009, 1552)
NV Rev Stat § 645A.100 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.100 - Notice of refusal to issue license or of disciplinary action; hearing; limitation on time to apply for hearing.

  1. Notice of the entry of any order of suspension, revocation or placement of conditions upon a license or of imposing a fine or refusing a license to any escrow agent or agency must be given in writing, served personally or sent by certified mail or by telegram to the last known address of the agent or agency affected.  2. The agent or agency, upon application, is entitled to a hearing. If an application is not made within 20 days after the entry of the order, the Commissioner shall enter a final order.  (Added to NRS by 1973, 1309; A 1985, 1814; 1991, 1853; 2003, 984; 2011, 3602)
NV Rev Stat § 645A.110 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.110 - Investigation by Commissioner; powers of Commissioner; injunctive relief; enforcement of subpoenas.

  1. The Commissioner may conduct an investigation if it appears that an escrow agent or agency is conducting business in an unsafe and injurious manner or in violation of this chapter or if it appears that any person is engaging in the escrow business without being licensed pursuant to the provisions of this chapter.  2. If upon investigation it appears that the agent or agency is so conducting business or an unlicensed person is engaged in the escrow business, the Commissioner may:  (a) Order the person to discontinue conducting business in an injurious manner or in violation of this chapter. A person may, within 30 days after receiving the order, file a verified petition with the Commissioner for a hearing. If the Commissioner does not hold a hearing within 30 days after the petition is filed or issue a written decision within 45 days after the hearing is held, the order is rescinded.  (b) So advise the district attorney of the county in which the business is conducted or the Attorney General. The district attorney or the Attorney General shall cause the appropriate legal action to be taken to enjoin the operation of the business or prosecute the violations of this chapter.  (c) Bring suit in the name and on behalf of the State of Nevada against the person and any other person concerned in or in any way participating in or about to participate in the unsafe or injurious practices or action in violation of this chapter or regulations thereunder to enjoin that person from continuing those practices or engaging therein or doing any such act.  3. If the Commissioner brings suit, the district court of any county of this State may grant an injunction to prevent and restrain the unsafe, injurious or illegal practices or transactions. The court may, during the pendency of the proceedings before it, issue such temporary restraining orders as may appear to be just and proper. The findings of the Commissioner shall be deemed to be prima facie evidence and sufficient ground, in the discretion of the court, for the issuance ex parte of a temporary restraining order. In any such court proceedings the Commissioner may apply for and on due showing is entitled to have issued the court’s subpoena requiring forthwith the appearance of any defendant and his or her employees and the production of documents, books and records as may appear necessary for the hearing of the petition, to testify and give evidence concerning the acts or conduct or things complained of in the application for injunction.  (Added to NRS by 1973, 1309; A 1985, 1815; 1991, 1853)
NV Rev Stat § 645A.130 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.130 - Procedures following decision on appeal.

  1. If the order of the Commissioner is reversed, the court shall specifically direct the Commissioner as to his or her further action in the matter including the making and entering of any order and any conditions, limitations or restrictions to be contained therein. The Commissioner may revoke or alter the order for any proper cause which is discovered after the order is issued.  2. If an order of the Commissioner is affirmed, the appellant is not barred after 1 year from filing a new application if the application is not otherwise barred or limited.  3. The appeal does not suspend the operation of the order appealed from during the pendency of the appeal except upon proper order of the court.  (Added to NRS by 1973, 1310; A 1977, 93; 1985, 1816; 1991, 1854)
NV Rev Stat § 645A.140 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.140 - Powers of Commissioner when agency’s affairs in unsafe condition.

  1. When the Commissioner ascertains that the assets or capital of any escrow agency are impaired or that an agency’s affairs are in an unsafe condition, the Commissioner may immediately take possession of all the property, business and assets of the agency which are located in this state and retain possession of them pending further proceedings provided for in this chapter.  2. If the board of directors or any officer or person in charge of the offices of such an agency refuses to permit the Commissioner to take possession of the property, the Commissioner shall communicate that fact to the Attorney General. Thereupon the Attorney General shall immediately institute such proceedings as may be necessary to place the Commissioner in immediate possession of the property of the agency. The Commissioner thereupon shall make or cause to be made an inventory of the assets and known liabilities of the agency.  3. The Commissioner shall file one copy of the inventory in his or her office and one copy in the office of the clerk of the district court of the county in which the principal office of the agency is located and shall mail one copy to each stockholder, partner, officer or associate of the agency at his or her last known address.  4. The clerk of the court with which the copy of the inventory is filed shall file it as any other case or proceeding pending in the court and shall give it a docket number.  (Added to NRS by 1973, 1311; A 1985, 1816; 1991, 1854)
NV Rev Stat § 645A.150 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.150 - Receivership.

  1. The officers, directors, partners, associates or stockholders of the escrow agency may, within 60 days after the date the Commissioner takes possession of the property, business and assets, make good any deficit which may exist or remedy the unsafe condition of its affairs.  2. At the expiration of such time, if the deficiency in assets or capital has not been made good or the unsafe condition remedied, the Commissioner may apply to the court to be appointed receiver and proceed to liquidate the assets of the agency which are located in this state in the same manner as provided by law for liquidation of a private corporation in receivership.  3. No other person may be appointed receiver by any court without first giving the Commissioner ample notice of his or her application.  4. The inventory made by the Commissioner and all claims filed by creditors are open at all reasonable times for inspection and any action taken by the receiver upon any of the claims is subject to the approval of the court before which the cause is pending.  5. The expenses of the receiver and the compensation of counsel, as well as all expenditures required in the liquidation proceedings, must be fixed by the Commissioner subject to the approval of the court, and, upon certification of the Commissioner, must be paid out of the money that he or she possesses as receiver.  (Added to NRS by 1973, 1311; A 1985, 1816; 1991, 1855)
NV Rev Stat § 645A.160 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.160 - Requirements.

All money deposited in escrow to be delivered upon the close of the escrow or upon any other contingency must be kept separate from money belonging to the escrow agent or agency and must be deposited in a financial institution that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 unless another financial institution has been designated in writing in the instructions for the escrow. The money when deposited must be designated as "trust funds" or "escrow accounts" or under some other appropriate name indicating that the money is not the money of the escrow agent or agency.  (Added to NRS by 1973, 1312; A 1985, 1817; 1999, 1539)
NV Rev Stat § 645A.170 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.170 - Limitations on execution or attachment; commingling prohibited.

  1. Money deposited in escrow is not subject to execution or attachment on any claim against the escrow agent or agency.  2. An escrow agent or agency shall not knowingly keep or cause to be kept any money in any bank, credit union or other financial institution under any name designating the money as belonging to the clients of any escrow agent or agency, unless the money was actually entrusted to the agent or agency by the client for deposit in escrow.  (Added to NRS by 1973, 1312; A 1985, 1817; 1999, 1539)
NV Rev Stat § 645A.171 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.171 - Limitations on disbursements.

  1. An escrow agent shall not disburse money from an escrow account unless deposits which are at least equal in value to the proposed disbursements and which relate directly to the transaction for which the money is to be disbursed have been received.  2. An escrow agent shall not disburse money from an escrow account on the same business day as the money is deposited unless the deposit is made in one of the following forms:  (a) Cash;  (b) Interbank electronic transfer such that the money deposited is available for immediate withdrawal without condition and payable in United States currency;  (c) Negotiable order of withdrawal, money order, cashier’s check or certified check which is drawn from a financial institution authorized to do business in this State;  (d) Any depository check, including any cashier’s check or teller’s check, that is governed by the Expedited Funds Availability Act, 12 U.S.C. §§ 4001 et seq.; or  (e) Any other form that permits conversion of the deposit to cash on the same day as the deposit is made.  3. An escrow agent who disburses money from an escrow account pursuant to this section on the next business day after the day on which the money is deposited shall comply with all applicable federal laws or regulations with respect to the disbursement of money accorded next-day availability that is deposited in an escrow account.  (Added to NRS by 2009, 53; A 2011, 381; 2013, 1370)
NV Rev Stat § 645A.173 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.173 - Duty to record certain information concerning real estate brokers and salespersons, mortgage brokers and mortgage bankers. [Effective through December 31, 2019.]

  1. If an escrow for the sale of real property is established, the holder of the escrow shall, on the date of establishment of the escrow, record in writing the number and the date of expiration of the:  (a) License issued pursuant to chapter 645 of NRS; or   (b) Certificate of cooperation issued pursuant to NRS 645.605,  of any real estate broker, broker-salesperson or salesperson who will be paid compensation from money held in the escrow for performing the services of a real estate broker, broker-salesperson or salesperson in the transaction that is the subject of the escrow. The holder of the escrow is not required to verify independently the validity of the number of the license or certificate.  2. If an escrow for the sale of real property is established and the real property is or will be secured by a mortgage or deed of trust, the holder of the escrow shall, on the date of establishment of the escrow, record in writing the number and the date of expiration of the license issued pursuant to chapter 645B or 645E of NRS of any mortgage broker or mortgage banker associated with the mortgage or deed of trust. The holder of the escrow is not required to verify independently the validity of the number of the license.  (Added to NRS by 1999, 873; A 2001, 2463; 2003, 3542)
NV Rev Stat § 645A.173 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.173 - Duty to record certain information concerning real estate brokers and salespersons and mortgage companies. [Effective January 1, 2020.]

  1. If an escrow for the sale of real property is established, the holder of the escrow shall, on the date of establishment of the escrow, record in writing the number and the date of expiration of the:  (a) License issued pursuant to chapter 645 of NRS; or   (b) Certificate of cooperation issued pursuant to NRS 645.605,  of any real estate broker, broker-salesperson or salesperson who will be paid compensation from money held in the escrow for performing the services of a real estate broker, broker-salesperson or salesperson in the transaction that is the subject of the escrow. The holder of the escrow is not required to verify independently the validity of the number of the license or certificate.  2. If an escrow for the sale of real property is established and the real property is or will be secured by a mortgage or deed of trust, the holder of the escrow shall, on the date of establishment of the escrow, record in writing the number and the date of expiration of the license issued pursuant to chapter 645B of NRS of any mortgage company associated with the mortgage or deed of trust. The holder of the escrow is not required to verify independently the validity of the number of the license.  (Added to NRS by 1999, 873; A 2001, 2463; 2003, 3542; 2017, 3034, effective January 1, 2020)
NV Rev Stat § 645A.175 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.175 - Duty to execute documents necessary to release money deposited in escrow; exception for good faith disputes; recovery of damages for failure to execute; award of attorney’s fees.

  1. Except as otherwise provided in subsection 2 or in the escrow agreement between the parties and the holder of the escrow, upon the close of an escrow for the sale of real property or on the date the escrow is scheduled to close if it has not closed, each party shall execute the documents necessary to release the money deposited in the escrow.  2. A party may refuse to execute a document necessary to release the money deposited in the escrow only if a good faith dispute exists concerning that money.  3. Except as otherwise provided in NRS 645.8701 to 645.8811, inclusive, if a party refuses to execute a document necessary to release the money deposited in the escrow within 30 days after the holder of the escrow makes a written request for the execution, the party injured by the failure of the other party to execute the document may collect from that party:  (a) Actual damages of not less than $100 nor more than 1 percent of the purchase price of the real property for which the money was deposited in the escrow, whichever is greater;  (b) The money deposited in the escrow which was not held to resolve a good faith dispute concerning the sale of the property; and  (c) A reasonable attorney’s fee.  (Added to NRS by 1995, 1527; A 1999, 1180)
NV Rev Stat § 645A.177 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.177 - Action to recover money deposited in escrow; discharge from further responsibility for holder of escrow; right of holder to bring action for interpleader.

  1. If an action is filed to recover money deposited in an escrow established for the sale of real property, the holder of the escrow may deposit the money, less any fees or charges owed to the holder of the escrow, with the court in which the action is filed.  2. A holder of an escrow who complies with the provisions of subsection 1 is discharged from further responsibility for the money which the holder of the escrow deposits with the court.  3. This section does not limit the right of the holder of the escrow to bring an action for interpleader pursuant to N.R.C.P. 22 to determine the rightful claimant of the money deposited in the escrow.  (Added to NRS by 1995, 1527)
NV Rev Stat § 645A.193 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.193 - Attorney General to represent Division.

  1. The Attorney General shall act as the attorney for the Division in all actions and proceedings brought against or by the Division pursuant to any of the provisions of this chapter.  2. Notwithstanding the provision of paragraph (d) of subsection 1 of NRS 622A.120, representation of the Division pursuant to subsection 1 shall be conducted in a manner consistent with the provisions of NRS 622A.200 and 622A.210.  (Added to NRS by 1985, 1807; A 2017, 2850)
NV Rev Stat § 645A.195 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.195 - Escrow agency that is not natural person to designate natural person as qualified employee.

  1. If an escrow agency is not a natural person, the escrow agency must designate a natural person as a qualified employee to act on behalf of the escrow agency.  2. The Division shall adopt regulations regarding a qualified employee, including, without limitation, regulations that establish:  (a) A definition for the term "qualified employee";  (b) Any duties of a qualified employee; and  (c) Any requirements regarding a qualified employee.  (Added to NRS by 2011, 3595)
NV Rev Stat § 645A.1955 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.1955 - Employment of or association with escrow agent: Duties of escrow agency; prohibited actions.

  1. An escrow agent shall not act as or provide the services of an escrow agent on behalf of any escrow agency other than an escrow agency that has notified the Commissioner pursuant to subsection 2 that the escrow agent is employed by and associated with that escrow agency.  2. Before employing or associating with an escrow agent to administer escrows on its behalf, an escrow agency must:  (a) File with the Commissioner, on a form and in a manner prescribed by the Commissioner, a request to associate with the escrow agent; and  (b) Pay the fee required by NRS 645A.040.  3. An escrow agent shall not associate or begin employment with an escrow agency until the Commissioner has provided notice to the escrow agency of acceptance of the request to associate with the escrow agent.  4. An escrow agent shall not directly or indirectly receive any compensation, remuneration or fees related to the business of administering escrows from any escrow agency that the escrow agent is not associated with and employed by pursuant to this section.  (Added to NRS by 2015, 2790)
NV Rev Stat § 645A.196 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.196 - Termination of employment of escrow agent: Duties of escrow agency; prohibited actions.

  1. Whenever an escrow agent terminates, for any reason, his or her employment with the escrow agency with whom the escrow agent was associated, the escrow agency shall:  (a) Immediately deliver or send by certified mail to the Division the escrow agent’s license, together with a written statement of the circumstances surrounding the termination.  (b) At the time of delivering or mailing the license to the Division, address a communication to the last known residence address of the escrow agent, advising the escrow agent that his or her license has been delivered or mailed to the Division. A copy of the communication must accompany the license when delivered or mailed to the Division.  2. An escrow agent shall not perform either directly or indirectly any act for which a license is required pursuant to this chapter:  (a) On or after the date the Division receives the escrow agent’s license from the escrow agency until the license is transferred or reissued or until a new license is issued.  (b) Without being associated with and employed by a licensed escrow agency.  (Added to NRS by 1985, 1808; A 2015, 2796)
NV Rev Stat § 645A.199 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.199 - Proof of licensure required in action for collection of compensation.

No person engaged in the business or acting in the capacity of an escrow agent or agency within this state may bring or maintain any action in any court of this state for the collection of compensation for the performance of any act pursuant to this chapter without alleging and proving that the person was a licensed escrow agent or agency at the time the alleged cause of action arose.  (Added to NRS by 1985, 1808; A 1993, 2806)
NV Rev Stat § 645A.200 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.200 - Statutory and common-law rights unaffected.

The provisions of this chapter do not limit any statutory or common-law right of any person to bring an action in any court for any act involved in the transaction of the escrow business or the right of the State to punish any person for any violation of any law.  (Added to NRS by 1973, 1312)
NV Rev Stat § 645A.201 (2021)
2021 Nevada Revised Statutes|Chapter 645A - Escrow Agencies and Agents|NRS 645A.201 - Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction.

  1. A court of this State may exercise jurisdiction over a party to a civil action arising under the provisions of this chapter on any basis not inconsistent with the Constitution of the State of Nevada or the Constitution of the United States.  2. Personal service of summons upon a party outside this State is sufficient to confer upon a court of this State jurisdiction over the party so served if the service is made by delivering a copy of the summons, together with a copy of the complaint, to the party served in the manner provided by statute or rule of court for service upon a person of like kind within this State.  3. In all cases of such service, the defendant has 40 days, exclusive of the day of service, within which to answer or plead.  4. This section provides an additional manner of serving process and does not invalidate any other service.  (Added to NRS by 2009, 741)