reglab/housing_qa huggingface dataset:
NV Rev Stat § 645B.023 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.023 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective January 1, 2020, and until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

  1. In addition to any other requirements set forth in this chapter:  (a) A natural person who applies for the issuance of a license as a mortgage company shall include the social security number of the applicant in the application submitted to the Commissioner.  (b) A natural person who applies for the issuance or renewal of a license as a mortgage company shall submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520. The statement must be completed and signed by the applicant.  2. The Commissioner shall include the statement required pursuant to subsection 1 in:  (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or  (b) A separate form prescribed by the Commissioner.  3. A license as a mortgage company may not be issued or renewed by the Commissioner if the applicant is a natural person who:  (a) Fails to submit the statement required pursuant to subsection 1; or  (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.  4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.  (Added to NRS by 1997, 2170; A 1999, 3782; 2005, 2783, 2807, 2810; 2017, 3041, effective January 1, 2020)
NV Rev Stat § 645B.023 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.023 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective on the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings and expires: (a) by limitation 2 years after that date; or (b) on January 1, 2020, whichever occurs first.]

  1. In addition to any other requirements set forth in this chapter, a natural person who applies for the issuance or renewal of a license as a mortgage company shall submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520. The statement must be completed and signed by the applicant.  2. The Commissioner shall include the statement required pursuant to subsection 1 in:  (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or  (b) A separate form prescribed by the Commissioner.  3. A license as a mortgage company may not be issued or renewed by the Commissioner if the applicant is a natural person who:  (a) Fails to submit the statement required pursuant to subsection 1; or  (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.  4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.  (Added to NRS by 1997, 2170; A 1999, 3782; 2005, 2783, 2807, 2810; 2017, 3041, effective January 1, 2020, or the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings)
NV Rev Stat § 645B.0243 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0243 - Grounds for denial of license: Employing or associating with certain persons who are ineligible to be mortgage agents. [Effective through December 31, 2019.]

The Commissioner may refuse to issue a license to an applicant if the Commissioner has reasonable cause to believe that the applicant or any general partner, officer or director of the applicant has, after October 1, 1999, employed or proposed to employ a person as a mortgage agent or authorized or proposed to authorize a person to be associated with a mortgage broker as a mortgage agent at a time when the applicant or the general partner, officer or director knew or, in light of all the surrounding facts and circumstances, reasonably should have known that the person has committed any act or omission that would be cause for refusing to issue a license to a mortgage agent.  (Added to NRS by 1999, 3768; A 2003, 2723; 2009, 2680)
NV Rev Stat § 645B.0243 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0243 - Grounds for denial of license: Employing or associating with certain persons who are ineligible to be mortgage loan originators. [Effective January 1, 2020.]

The Commissioner may refuse to issue a license to an applicant if the Commissioner has reasonable cause to believe that the applicant or any general partner, officer or director of the applicant has, after October 1, 1999, employed or proposed to employ a person as a mortgage loan originator or authorized or proposed to authorize a person to be associated with a mortgage company as a mortgage loan originator at a time when the applicant or the general partner, officer or director knew or, in light of all the surrounding facts and circumstances, reasonably should have known that the person has committed any act or omission that would be cause for refusing to issue a license to a mortgage loan originator.  (Added to NRS by 1999, 3768; A 2003, 2723; 2009, 2680; 2017, 3042, effective January 1, 2020)
NV Rev Stat § 645B.0245 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0245 - Grounds for denial of license: Control by relative who would be ineligible to be licensed; act or omission of partner, officer or director.

  1. If an applicant is a natural person, the Commissioner may refuse to issue a license to the applicant if the Commissioner has reasonable cause to believe that the applicant would be subject to control by a relative who would be ineligible to be licensed pursuant to this chapter.  2. If an applicant is a partnership, corporation or unincorporated association, the Commissioner may refuse to issue a license to the applicant if:  (a) Any member of the partnership or any officer or director of the corporation or unincorporated association has committed any act or omission that would be cause for refusing to issue a license to a natural person; or  (b) The Commissioner has reasonable cause to believe that any member of the partnership or any officer or director of the corporation or unincorporated association would be subject to control by a relative who would be ineligible to be licensed pursuant to this chapter.  (Added to NRS by 1999, 3769)
NV Rev Stat § 645B.0247 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.0247 - Grounds for denial of license: Authority of Commissioner not limited.

The provisions of NRS 645B.0243 and 645B.0245 do not limit the authority of the Commissioner to refuse to issue a license to an applicant for any other lawful reason or pursuant to any other provision of law.  (Added to NRS by 1999, 3769)
NV Rev Stat § 645B.025 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.025 - Posting of license; restrictions on transfer or assignment of license. [Effective through December 31, 2019.]

  1. A mortgage broker shall post each license in a conspicuous place in the office to which it pertains.  2. A mortgage broker may not transfer or assign a license to another person, unless the Commissioner gives written approval.  (Added to NRS by 1983, 1376; A 1983, 1843; 1987, 1877; 1999, 3782)
NV Rev Stat § 645B.025 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.025 - Posting of license; restrictions on transfer or assignment of license. [Effective January 1, 2020.]

  1. A mortgage company shall post each license in a conspicuous place in the office to which it pertains.  2. A mortgage company may not transfer or assign a license to another person, unless the Commissioner gives written approval.  (Added to NRS by 1983, 1376; A 1983, 1843; 1987, 1877; 1999, 3782; 2017, 3042, effective January 1, 2020)
NV Rev Stat § 645B.035 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.035 - Activities authorized by license; dual licensure as mortgage banker and mortgage broker. [Effective through December 31, 2019.]

  1. A license as a mortgage broker entitles a licensee to engage only in the activities authorized by this chapter.  2. The provisions of this chapter do not prohibit a licensee from:  (a) Holding a license as a mortgage banker pursuant to chapter 645E of NRS; or  (b) Conducting the business of a mortgage banker and the business of a mortgage broker in the same office or place of business.  (Added to NRS by 1999, 3770; A 2003, 3548; R 2017, 3106, effective January 1, 2020)
NV Rev Stat § 645B.042 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.042 - Duty of mortgage broker to deposit surety bond with Commissioner; mortgage broker and mortgage agents must be named as principals on bond; amount of bond; Commissioner to determine amount of initial deposit. [Effective through December 31, 2019.]

  1. As a condition to doing business in this State, each mortgage broker shall deposit with the Commissioner and keep in full force and effect a corporate surety bond payable to the State of Nevada, in the amount set forth in subsection 4, which is executed by a corporate surety satisfactory to the Commissioner and which names as principals the mortgage broker and all mortgage agents employed by or associated with the mortgage broker.  2. At the time of filing an application for a license as a mortgage agent and at the time of filing an application for the renewal of a license as a mortgage agent, the applicant shall file with the Commissioner proof that the applicant is named as a principal on the corporate surety bond deposited with the Commissioner by the mortgage broker with whom the applicant is associated or employed.  3. The bond must be in a form prescribed by the Commissioner.  4. Each mortgage broker shall deposit a corporate surety bond that complies with the provisions of this section in the following amounts:  (a) For an annual loan production of $20,000,000 or less, $50,000.  (b) For an annual loan production of more than $20,000,000, $75,000.  5. Except as otherwise required by federal law or regulation, for the purposes of subsection 4, the Commissioner shall determine the appropriate amount of the surety bond that must be deposited initially by a mortgage broker based upon the expected annual loan production amount and shall determine the appropriate amount of the surety bond annually based upon the actual annual loan production.  (Added to NRS by 2009, 743; A 2011, 3610; 2017, 3042)
NV Rev Stat § 645B.042 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.042 - Duty of mortgage company to deposit surety bond with Commissioner; mortgage company and mortgage loan originators must be named as principals on bond; amount of bond; Commissioner to determine amount of initial deposit. [Effective January 1, 2020.]

  1. As a condition to doing business in this State, each mortgage company shall deposit with the Commissioner and keep in full force and effect a corporate surety bond payable to the State of Nevada, in the amount set forth in subsection 4, which is executed by a corporate surety satisfactory to the Commissioner and which names as principals the mortgage company and all mortgage loan originators employed by or associated with the mortgage company.  2. At the time of filing an application for a license as a mortgage loan originator and at the time of filing an application for the renewal of a license as a mortgage loan originator, the applicant shall file with the Commissioner proof that the applicant is named as a principal on the corporate surety bond deposited with the Commissioner by the mortgage company with whom the applicant is associated or employed.  3. The bond must be in a form prescribed by the Commissioner.  4. Each mortgage company shall deposit a corporate surety bond that complies with the provisions of this section in the following amounts:  (a) For an annual loan production of $20,000,000 or less, $50,000.  (b) For an annual loan production of more than $20,000,000, $75,000.  5. Except as otherwise required by federal law or regulation, for the purposes of subsection 4, the Commissioner shall determine the appropriate amount of the surety bond that must be deposited initially by a mortgage company based upon the expected annual loan production amount and shall determine the appropriate amount of the surety bond annually based upon the actual annual loan production.  (Added to NRS by 2009, 743; A 2011, 3610; 2017, 3042, 3044, effective January 1, 2020)
NV Rev Stat § 645B.046 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.046 - Cancellation of surety bond: Notices required; revocation of license unless equivalent bond furnished.

  1. The surety may cancel a bond upon giving 60 days’ notice to the Commissioner by certified mail. Upon receipt by the Commissioner of such a notice, the Commissioner immediately shall notify the licensee who is the principal on the bond of the effective date of cancellation of the bond, and that his or her license will be revoked unless the licensee furnishes an equivalent bond before the effective date of the cancellation. The notice must be sent to the licensee by certified mail to his or her last address of record filed in the office of the Division.  2. If the licensee does not comply with the requirements set out in the notice from the Commissioner, the license must be revoked on the date the bond is cancelled.  (Added to NRS by 2009, 745; A 2011, 3611)
NV Rev Stat § 645B.048 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.048 - Action on surety bond: Procedure; limitation of time; duties of Commissioner; preliminary payment by surety; action for interpleader; payment. [Effective through December 31, 2019.]

  1. Any person claiming against a bond may bring an action in a court of competent jurisdiction on the bond for damages to the extent covered by the bond. A person who brings an action on a bond shall notify the Commissioner in writing upon filing the action. An action may not be commenced after the expiration of 3 years following the commission of the act on which the action is based.  2. Upon receiving a request from a person for whose benefit a bond is required, the Commissioner shall notify the person:  (a) That a bond is in effect and of the amount of the bond; and  (b) If there is an action against the bond, the title, court and case number of the action and the amount sought by the plaintiff.  3. If a surety wishes to make payment without awaiting action by a court, the amount of the bond must be reduced to the extent of any payment made by the surety in good faith under the bond. Any payment must be based on written claims received by the surety before any action is taken by a court.  4. The surety may bring an action for interpleader against all claimants upon the bond. If it does so, it shall publish notice of the action at least once each week for 2 weeks in every issue of a newspaper of general circulation in the county where the mortgage broker has its principal place of business. The surety may deduct its costs of the action, including attorney’s fees and publication, from its liability under the bond.  5. Claims against a bond have equal priority, and if the bond is insufficient to pay all claims in full, they must be paid on a pro rata basis. Partial payment of claims is not full payment, and any claimant may bring an action against the mortgage broker for the unpaid balance.  (Added to NRS by 2009, 745)
NV Rev Stat § 645B.048 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.048 - Action on surety bond: Procedure; limitation of time; duties of Commissioner; preliminary payment by surety; action for interpleader; payment. [Effective January 1, 2020.]

  1. Any person claiming against a bond may bring an action in a court of competent jurisdiction on the bond for damages to the extent covered by the bond. A person who brings an action on a bond shall notify the Commissioner in writing upon filing the action. An action may not be commenced after the expiration of 3 years following the commission of the act on which the action is based.  2. Upon receiving a request from a person for whose benefit a bond is required, the Commissioner shall notify the person:  (a) That a bond is in effect and of the amount of the bond; and  (b) If there is an action against the bond, the title, court and case number of the action and the amount sought by the plaintiff.  3. If a surety wishes to make payment without awaiting action by a court, the amount of the bond must be reduced to the extent of any payment made by the surety in good faith under the bond. Any payment must be based on written claims received by the surety before any action is taken by a court.  4. The surety may bring an action for interpleader against all claimants upon the bond. If it does so, it shall publish notice of the action at least once each week for 2 weeks in every issue of a newspaper of general circulation in the county where the mortgage company has its principal place of business. The surety may deduct its costs of the action, including attorney’s fees and publication, from its liability under the bond.  5. Claims against a bond have equal priority, and if the bond is insufficient to pay all claims in full, they must be paid on a pro rata basis. Partial payment of claims is not full payment, and any claimant may bring an action against the mortgage company for the unpaid balance.  (Added to NRS by 2009, 745; A 2017, 3044, effective January 1, 2020)
NV Rev Stat § 645B.051 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.051 - Continuing education required for renewal of license. [Effective through December 31, 2019.]

  1. Except as otherwise provided in subsection 2, in addition to the requirements set forth in NRS 645B.050, to renew a license as a mortgage broker:  (a) If the licensee is a natural person, the licensee must submit to the Commissioner satisfactory proof that the licensee attended at least 8 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires.  (b) If the licensee is not a natural person, the licensee must submit to the Commissioner satisfactory proof that each natural person who supervises the daily business of the licensee attended at least 8 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires.  2. In lieu of the continuing education requirements set forth in paragraph (a) or (b) of subsection 1, a licensee or any natural person who supervises the daily business of the licensee who, pursuant to subsection 1 of NRS 645F.267, is not required to register or renew with the Registry and who has not voluntarily registered or renewed with the Registry must submit to the Commissioner satisfactory proof that he or she attended at least 5 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires. The hours of continuing education required by this subsection must include at least 2 hours relating to ethics.  3. As used in this section, "certified course of continuing education" means a course of continuing education which relates to the mortgage industry or mortgage transactions and which meets the requirements set forth by the Commissioner by regulation pursuant to NRS 645B.0138.  (Added to NRS by 2001, 2464; A 2003, 3551; 2007, 954; 2009, 1852; 2011, 1389; 2017, 3592)