reglab/housing_qa huggingface dataset:
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 January 1, 2020.]

  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 company:  (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, 3046, 3592, effective January 1, 2020)
NV Rev Stat § 645B.070 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.070 - Subpoenas; oaths; examination of witnesses; penalty; assessment of costs.

  1. In the conduct of any examination, periodic or special audit, investigation or hearing, the Commissioner may:  (a) Compel the attendance of any person by subpoena.  (b) Compel the production of any document by subpoena.  (c) Administer oaths.  (d) Examine any person under oath concerning the business and conduct of affairs of any person subject to the provisions of this chapter and in connection therewith require the production of any books, records or papers relevant to the inquiry.  2. Any person subpoenaed under the provisions of this section who willfully refuses or willfully neglects to appear at the time and place named in the subpoena or to produce books, records or papers required by the Commissioner, or who refuses to be sworn or answer as a witness, is guilty of a misdemeanor and shall be punished as provided in NRS 645B.950.  3. In addition to the authority to recover attorney’s fees and costs pursuant to any other statute, the Commissioner may assess against and collect from a person all costs, including, without limitation, reasonable attorney’s fees, that are attributable to any examination, periodic or special audit, investigation or hearing that is conducted to examine or investigate the conduct, activities or business of the person pursuant to this chapter.  (Added to NRS by 1973, 1538; A 1981, 1789; 1983, 1703; 1987, 1879; 1999, 3785; 2003, 3468; 2009, 1555)
NV Rev Stat § 645B.075 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.075 - Payment of statutory assessment by mortgage broker; duty of mortgage broker and agents to cooperate fully with audits and examinations. [Effective through December 31, 2019.]

Each mortgage broker shall pay the assessment levied pursuant to NRS 645F.180. Each mortgage broker and mortgage agent shall cooperate fully with the audits and examinations performed pursuant thereto.  (Added to NRS by 1987, 826; A 1999, 3799; 2003, 3552)
NV Rev Stat § 645B.075 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.075 - Payment of statutory assessment by mortgage company; duty of mortgage company and loan originators to cooperate fully with audits and examinations. [Effective January 1, 2020.]

Each mortgage company shall pay the assessment levied pursuant to NRS 645F.180. Each mortgage company and mortgage loan originator shall cooperate fully with the audits and examinations performed pursuant thereto.  (Added to NRS by 1987, 826; A 1999, 3799; 2003, 3552; 2017, 3047, effective January 1, 2020)
NV Rev Stat § 645B.080 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.080 - Records relating to mortgage transactions, financial condition and trust accounts; monthly report to Commissioner; accounting procedures for trust accounts; regulations; reports. [Effective through December 31, 2019.]

  1. Each mortgage broker shall keep and maintain at all times at each location where the mortgage broker conducts business in this state complete and suitable records of all mortgage transactions made by the mortgage broker at that location. Each mortgage broker shall also keep and maintain at all times at each such location all original books, papers and data, or copies thereof, clearly reflecting the financial condition of the business of the mortgage broker.  2. Except as otherwise provided in subsection 3, each mortgage broker shall submit to the Commissioner each month a report of the mortgage broker’s activity for the previous month. The report must:  (a) Specify the volume of loans arranged by the mortgage broker for the month or state that no loans were arranged in that month;  (b) Include any information required pursuant to NRS 645B.260 or pursuant to the regulations adopted by the Commissioner; and  (c) Be submitted to the Commissioner by the 15th day of the month following the month for which the report is made.  3. The Commissioner may waive the requirement to submit a report pursuant to subsection 2 if substantially similar information is available to the Commissioner from another source.  4. The Commissioner may adopt regulations prescribing accounting procedures for mortgage brokers handling trust accounts and the requirements for keeping records relating to such accounts.  5. Each mortgage broker who is required to register or voluntarily registers with the Registry shall submit to the Registry and the Commissioner a report of condition or any other report required by the Registry in the form and at the time required by the Registry.  (Added to NRS by 1973, 1538; A 1981, 1789; 1985, 2187; 1987, 1879; 1989, 1765; 1995, 136; 1999, 3786; 2011, 3613; 2017, 3594)
NV Rev Stat § 645B.080 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.080 - Records relating to mortgage transactions, financial condition and trust accounts; monthly report to Commissioner; accounting procedures for trust accounts; regulations; reports. [Effective January 1, 2020.]

  1. Each mortgage company shall keep and maintain at all times at each location where the mortgage company conducts business in this state complete and suitable records of all mortgage transactions made by the mortgage company at that location. Each mortgage company shall also keep and maintain at all times at each such location all original books, papers and data, or copies thereof, clearly reflecting the financial condition of the business of the mortgage company.  2. Except as otherwise provided in subsection 3, each mortgage company shall submit to the Commissioner each month a report of the mortgage company’s activity for the previous month. The report must:  (a) Specify the volume of loans arranged and loans made by the mortgage company for the month or state that no loans were arranged or made in that month;  (b) Include any information required pursuant to NRS 645B.260 or pursuant to the regulations adopted by the Commissioner; and  (c) Be submitted to the Commissioner by the 15th day of the month following the month for which the report is made.  3. The Commissioner may waive the requirement to submit a report pursuant to subsection 2 if substantially similar information is available to the Commissioner from another source.  4. The Commissioner may adopt regulations prescribing accounting procedures for mortgage companies handling trust accounts and the requirements for keeping records relating to such accounts.  5. Each mortgage company who is required to register or voluntarily registers with the Registry shall submit to the Registry and the Commissioner a report of condition or any other report required by the Registry in the form and at the time required by the Registry.  (Added to NRS by 1973, 1538; A 1981, 1789; 1985, 2187; 1987, 1879; 1989, 1765; 1995, 136; 1999, 3786; 2011, 3613; 2017, 3048, 3594, effective January 1, 2020)
NV Rev Stat § 645B.085 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.085 - Annual financial statement; audit of trust accounts; regulations. [Effective through December 31, 2019.]

  1. Except as otherwise provided in this section, not later than 90 days after the last day of each fiscal year for a mortgage broker, the mortgage broker shall submit to the Commissioner a financial statement that:  (a) Is dated not earlier than the last day of the fiscal year; and  (b) Has been prepared from the books and records of the mortgage broker by an independent certified public accountant who holds a license to practice in this State or in any other state that has not been revoked or suspended.  2. Unless otherwise prohibited by the Registry, the Commissioner may grant a reasonable extension for the submission of a financial statement pursuant to this section if a mortgage broker requests such an extension before the date on which the financial statement is due.  3. If a mortgage broker maintains any accounts described in subsection 1 of NRS 645B.175, the financial statement submitted pursuant to this section must be audited. If a mortgage broker maintains any accounts described in subsection 1 or 4 of NRS 645B.175, those accounts must be audited.  4. The Commissioner shall adopt regulations prescribing the scope of an audit conducted pursuant to subsection 3.  (Added to NRS by 1999, 3772; A 2001, 2467; 2007, 956; 2011, 3614)
NV Rev Stat § 645B.085 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.085 - Annual financial statement; audit of trust accounts; regulations. [Effective January 1, 2020.]

  1. Except as otherwise provided in this section, not later than 90 days after the last day of each fiscal year for a mortgage company, the mortgage company shall submit to the Commissioner a financial statement that:  (a) Is dated not earlier than the last day of the fiscal year; and  (b) Has been prepared from the books and records of the mortgage company by an independent certified public accountant who holds a license to practice in this State or in any other state that has not been revoked or suspended.  2. Unless otherwise prohibited by the Registry, the Commissioner may grant a reasonable extension for the submission of a financial statement pursuant to this section if a mortgage company requests such an extension before the date on which the financial statement is due.  3. If a mortgage company maintains any accounts described in subsection 1 of NRS 645B.175, the financial statement submitted pursuant to this section must be audited. If a mortgage company maintains any accounts described in subsection 1 or 4 of NRS 645B.175, those accounts must be audited.  4. The Commissioner shall adopt regulations prescribing the scope of an audit conducted pursuant to subsection 3.  (Added to NRS by 1999, 3772; A 2001, 2467; 2007, 956; 2011, 3614; 2017, 3048, effective January 1, 2020)
NV Rev Stat § 645B.090 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.090 - Records of Commissioner: General provisions governing public inspection, confidentiality and disclosure of information relating to investigations, examinations, disciplinary actions and certain investments in promissory notes secured by liens on real property. [Effective through December 31, 2019.]

  1. Except as otherwise provided in this section or by specific statute, all papers, documents, reports and other written instruments filed with the Commissioner pursuant to this chapter are open to public inspection.  2. Except as otherwise provided in subsection 3, the Commissioner may withhold from public inspection or refuse to disclose to a person, for such time as the Commissioner considers necessary, any information that, in the Commissioner’s judgment, would:  (a) Impede or otherwise interfere with an investigation or examination that is currently pending against a mortgage broker;  (b) Have an undesirable effect on the welfare of the public; or  (c) Reveal personal information in violation of NRS 239B.030.  3. Except as otherwise provided in NRS 645B.092, the Commissioner shall disclose the following information concerning a mortgage broker to any person who requests it:  (a) The findings and results of any investigation which has been completed during the immediately preceding 5 years against the mortgage broker pursuant to the provisions of this chapter and which has resulted in a finding by the Commissioner that the mortgage broker committed a violation of a provision of this chapter, a regulation adopted pursuant to this chapter or an order of the Commissioner;  (b) The nature of any disciplinary action that has been taken during the immediately preceding 5 years against the mortgage broker pursuant to the provisions of this chapter; and  (c) If the mortgage broker makes or offers for sale in this State any investments in promissory notes secured by liens on real property:  (1) Any information in the possession of the Commissioner regarding the present and past ownership and management structure of the mortgage broker; and  (2) The findings and results of:  (I) All examinations or investigations of the mortgage broker conducted pursuant to NRS 645B.060 during the immediately preceding 5 years, including, without limitation, any periodic standard examination of the mortgage broker conducted pursuant to NRS 645B.060, including, without limitation, the rating for each annual or biennial examination and an explanation of the standards for determining that rating; and  (II) Any other examination or audit, investigation or hearing which has been completed during the immediately preceding 3 years against the mortgage broker pursuant to the provisions of this chapter.  (Added to NRS by 1973, 1543; A 1983, 1704; 1987, 1880; 1999, 3786; 2003, 3469; 2009, 1450; 2017, 3594)
NV Rev Stat § 645B.090 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.090 - Records of Commissioner: General provisions governing public inspection, confidentiality and disclosure of information relating to investigations, examinations, disciplinary actions and certain investments in promissory notes secured by liens on real property. [Effective January 1, 2020.]

  1. Except as otherwise provided in this section or by specific statute, all papers, documents, reports and other written instruments filed with the Commissioner pursuant to this chapter are open to public inspection.  2. Except as otherwise provided in subsection 3, the Commissioner may withhold from public inspection or refuse to disclose to a person, for such time as the Commissioner considers necessary, any information that, in the Commissioner’s judgment, would:  (a) Impede or otherwise interfere with an investigation or examination that is currently pending against a mortgage company;  (b) Have an undesirable effect on the welfare of the public; or  (c) Reveal personal information in violation of NRS 239B.030.  3. Except as otherwise provided in NRS 645B.092, the Commissioner shall disclose the following information concerning a mortgage company to any person who requests it:  (a) The findings and results of any investigation which has been completed during the immediately preceding 5 years against the mortgage company pursuant to the provisions of this chapter and which has resulted in a finding by the Commissioner that the mortgage company committed a violation of a provision of this chapter, a regulation adopted pursuant to this chapter or an order of the Commissioner;  (b) The nature of any disciplinary action that has been taken during the immediately preceding 5 years against the mortgage company pursuant to the provisions of this chapter; and  (c) If the mortgage company makes or offers for sale in this State any investments in promissory notes secured by liens on real property:  (1) Any information in the possession of the Commissioner regarding the present and past ownership and management structure of the mortgage company; and  (2) The findings and results of:  (I) All examinations or investigations of the mortgage company conducted pursuant to NRS 645B.060 during the immediately preceding 5 years, including, without limitation, any periodic standard examination of the mortgage company conducted pursuant to NRS 645B.060, including, without limitation, the rating for each annual or biennial examination and an explanation of the standards for determining that rating; and  (II) Any other examination or audit, investigation or hearing which has been completed during the immediately preceding 3 years against the mortgage company pursuant to the provisions of this chapter.  (Added to NRS by 1973, 1543; A 1983, 1704; 1987, 1880; 1999, 3786; 2003, 3469; 2009, 1450; 2017, 3048, 3594, effective January 1, 2020)
NV Rev Stat § 645B.092 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.092 - Records of Commissioner: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action and orders imposing discipline deemed public records; disclosure by Commissioner.

  1. Except as otherwise provided in this section and NRS 239.0115, a complaint filed with the Commissioner, all documents and other information filed with the complaint and all documents and other information compiled as a result of an investigation conducted to determine whether to initiate disciplinary action are confidential.  2. The complaint or other document filed by the Commissioner to initiate disciplinary action and all documents and information considered by the Commissioner when determining whether to impose discipline are public records.  3. An order that imposes discipline and the findings of fact and conclusions of law supporting that order are public records.  4. The Commissioner may disclose any document or information made confidential under subsection 1 to the party against whom the complaint is made, a licensing board or agency, the Registry or any other governmental agency, including, without limitation, a law enforcement agency.  (Added to NRS by 2003, 3468; A 2007, 2147; 2011, 3614)
NV Rev Stat § 645B.093 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.093 - Commingling certain money prohibited. [Effective through December 31, 2019.]

  1. A mortgage broker who is a broker-dealer or a sales representative licensed pursuant to NRS 90.310 or who is exempt from licensure pursuant to NRS 90.320:  (a) Shall not commingle money received for mortgage transactions and money received for securities transactions; and  (b) Shall ensure that all money received for mortgage transactions is accounted for separately from all money received for securities transactions.  2. A mortgage broker who is an investment adviser or a representative of an investment adviser licensed pursuant to NRS 90.330 or exempt from licensure pursuant to NRS 90.340:  (a) Shall not commingle money received for mortgage transactions and money received for securities transactions; and  (b) Shall ensure that all money received for mortgage transactions is accounted for separately from all money received for securities transactions.  (Added to NRS by 2007, 951)
NV Rev Stat § 645B.093 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.093 - Commingling certain money prohibited. [Effective January 1, 2020.]

  1. A mortgage company who is a broker-dealer or a sales representative licensed pursuant to NRS 90.310 or who is exempt from licensure pursuant to NRS 90.320:  (a) Shall not commingle money received for mortgage transactions and money received for securities transactions; and  (b) Shall ensure that all money received for mortgage transactions is accounted for separately from all money received for securities transactions.  2. A mortgage company who is an investment adviser or a representative of an investment adviser licensed pursuant to NRS 90.330 or exempt from licensure pursuant to NRS 90.340:  (a) Shall not commingle money received for mortgage transactions and money received for securities transactions; and  (b) Shall ensure that all money received for mortgage transactions is accounted for separately from all money received for securities transactions.  (Added to NRS by 2007, 951; A 2017, 3049, effective January 1, 2020)
NV Rev Stat § 645B.095 (2021)
2021 Nevada Revised Statutes|Chapter 645B - Mortgage Companies and Mortgage Loan Originators|NRS 645B.095 - Notification of certain transfers required; application to Commissioner for approval of change of control; investigation; waiver. [Effective through December 31, 2019.]

  1. As used in this section, "change of control" means:  (a) A transfer of voting stock which results in giving a person, directly or indirectly, the power to direct the management and policy of a mortgage broker; or  (b) A transfer of at least 25 percent of the outstanding voting stock of a mortgage broker.  2. The Commissioner must be notified in writing of a transfer of 10 percent or more of the outstanding voting stock of a mortgage broker at least 15 days before such a transfer and must approve a transfer of voting stock of a mortgage broker which constitutes a change of control.  3. The person who acquires stock resulting in a change of control of the mortgage broker shall apply to the Commissioner for approval of the transfer. The application must contain information which shows that the requirements of this chapter and the Registry, if applicable, for obtaining a license will be satisfied after the change of control. Except as otherwise provided in subsection 4, the Commissioner shall conduct an investigation to determine whether those requirements will be satisfied. If, after the investigation, the Commissioner denies the application, the Commissioner may forbid the applicant from participating in the business of the mortgage broker.  4. A mortgage broker may submit a written request to the Commissioner to waive an investigation pursuant to subsection 3. The Commissioner may grant a waiver if the applicant has undergone a similar investigation by a state or federal agency in connection with the licensing of or his or her employment with a financial institution.  (Added to NRS by 1983, 1376; A 1983, 1843; 1985, 1344; 1987, 1880; 1999, 3787; 2011, 3615)