reglab/housing_qa huggingface dataset:
NV Rev Stat § 645F.267 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.267 - Certain persons not required to register or renew with or provide reports of financial condition to Registry; certain persons required to comply with Secure and Fair Enforcement for Mortgage Licensing Act of 2008. [Effective through December 31, 2019.]

  1. A mortgage agent, mortgage banker, mortgage broker or mortgage servicer or an employee of a mortgage banker, mortgage broker or mortgage servicer is not required to register or renew with the Registry, or provide reports of financial condition to the Registry, if the mortgage agent, mortgage banker, mortgage broker or mortgage servicer or employee:  (a) Is not a residential mortgage loan originator or the supervisor of a residential mortgage loan originator; and  (b) Is not required to register pursuant to the provisions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008.  2. A mortgage agent, mortgage banker, mortgage broker or mortgage servicer or an employee of a mortgage banker, mortgage broker or mortgage servicer who, pursuant to subsection 1, is not required to register or renew with the Registry and who voluntarily registers or renews with the Registry shall comply with all requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008, and any regulations adopted pursuant thereto.  3. As used in this section, "residential mortgage loan originator" has the meaning ascribed to it in NRS 645B.01325.  (Added to NRS by 2011, 1394; A 2015, 2809)
NV Rev Stat § 645F.267 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.267 - Certain persons not required to register or renew with or provide reports of financial condition to Registry; certain persons required to comply with Secure and Fair Enforcement for Mortgage Licensing Act of 2008. [Effective January 1, 2020.]

  1. A mortgage loan originator, mortgage company or mortgage servicer or an employee of a mortgage company or mortgage servicer is not required to register or renew with the Registry, or provide reports of financial condition to the Registry, if the mortgage loan originator, mortgage company or mortgage servicer or employee:  (a) Is not a residential mortgage loan originator or the supervisor of a residential mortgage loan originator; and  (b) Is not required to register pursuant to the provisions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008.  2. A mortgage loan originator, mortgage company or mortgage servicer or an employee of a mortgage company or mortgage servicer who, pursuant to subsection 1, is not required to register or renew with the Registry and who voluntarily registers or renews with the Registry shall comply with all requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008, and any regulations adopted pursuant thereto.  3. As used in this section, "residential mortgage loan originator" has the meaning ascribed to it in NRS 645B.01325.  (Added to NRS by 2011, 1394; A 2015, 2809; 2017, 3081, effective January 1, 2020)
NV Rev Stat § 645F.270 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.270 - Account for Mortgage Lending: Creation; use; no reversion to State General Fund; administration; interest and income; payment of claims.

  1. The Account for Mortgage Lending is hereby created in the State General Fund.  2. Except as otherwise provided by law, any money collected by the Commissioner or Division pursuant to law:  (a) Must be deposited in the Account for Mortgage Lending; and  (b) May only be used to:  (1) Carry out the programs and laws administered by the Commissioner and the Division; and  (2) Pay the expenses related to the operations of the Commissioner and the Division.  3. Except as otherwise provided by law, any money that remains in the Account for Mortgage Lending at the end of the fiscal year does not revert to the State General Fund, and the balance of the Account for Mortgage Lending must be carried forward to the next fiscal year.  4. The Commissioner shall administer the Account for Mortgage Lending. Any interest or income earned on the money in the Account must be credited to the Account after deducting any applicable charges. Any claims against the Account must be paid as other claims against the State are paid.  (Added to NRS by 2003, 3539; A 2011, 451)
NV Rev Stat § 645F.275 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.275 - Adoption of regulations establishing minimum net worth or surety bonding requirements for loans by residential mortgage loan originators, percentage of fees from licensing to be deposited in mortgage recovery fund and methods to make claim against fund.

The Commissioner shall adopt regulations:  1. Establishing minimum net worth or surety bonding requirements that reflect the dollar amount of loans originated by a residential mortgage loan originator, as defined in NRS 645B.01325; or  2. Requiring a percentage of the fees collected for the issuance or renewal of a license pursuant to chapter 645B or 645E of NRS to be deposited in a mortgage recovery fund, and setting forth the methods by which a person may make a claim against and be paid from the fund.  (Added to NRS by 2009, 2688; A 2017, 3082)
NV Rev Stat § 645F.277 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.277 - Adoption of regulations establishing guidelines and limitations for servicing or arranging certain loans.

The Commissioner shall adopt regulations establishing guidelines and limitations for the servicing or arranging of loans of which an investor has ownership or in which an investor has a beneficial interest.  (Added to NRS by 2009, 1559)
NV Rev Stat § 645F.280 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.280 - Adoption of regulations establishing rates paid by persons licensed by Commissioner for supervision and examination by Commissioner or Division.

  1. The Commissioner shall establish by regulation rates to be paid by all persons licensed by the Commissioner for supervision and examinations by the Commissioner or the Division.  2. In establishing a rate for examinations pursuant to subsection 1, the Commissioner shall consider:  (a) The complexity of the various examinations to which the rate applies;  (b) The skill required to conduct the examinations;  (c) The expenses associated with conducting the examination and preparing a report; and  (d) Any other factors the Commissioner deems relevant.  (Added to NRS by 2003, 3538; A 2009, 1459; 2011, 3637; 2015, 2809)
NV Rev Stat § 645F.290 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.290 - Assessments paid by persons licensed by Commissioner or Division for legal services provided by Attorney General to Commissioner and Division.

  1. The Commissioner shall collect an assessment pursuant to this section from each person licensed by the Commissioner or the Division.  2. The Commissioner shall determine the total amount of all assessments to be collected from the persons identified in subsection 1, but that amount must not exceed the amount necessary to recover the cost of legal services provided by the Attorney General to the Commissioner and to the Division. The total amount of all assessments collected must be reduced by any amounts collected by the Commissioner from a person for the recovery of the costs of legal services provided by the Attorney General in a specific case.  3. The Commissioner shall collect from each person identified in subsection 1 an assessment that is based on:  (a) An equal basis; or  (b) Any other reasonable basis adopted by the Commissioner.  4. The assessment required by this section is in addition to any other assessment, fee or cost required by law to be paid by a person identified in subsection 1.  5. Money collected by the Commissioner pursuant to this section must be deposited in the Account for Mortgage Lending created by NRS 645F.270.  (Added to NRS by 2003, 3538; A 2003, 20th Special Session, 258; 2009, 1459, 2689; 2011, 3637)
NV Rev Stat § 645F.291 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.291 - 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 books, records or papers 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.  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 2009, 1458; A 2011, 3638)
NV Rev Stat § 645F.292 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.292 - Secure and Fair Enforcement for Mortgage Licensing Act of 2008: Adoption of regulations to comply with requirements.

The Commissioner shall adopt such regulations as necessary to comply with the requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008.  (Added to NRS by 2009, 2688)
NV Rev Stat § 645F.293 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.293 - Secure and Fair Enforcement for Mortgage Licensing Act of 2008: Adoption of regulations to carry out provisions. [Effective through December 31, 2019.]

  1. The Commissioner shall adopt regulations to carry out the provisions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008.  2. The regulations must include, without limitation:  (a) A method by which to allow for reporting regularly violations of the relevant provisions of chapter 645B or 645E of NRS, enforcement actions and other relevant information to the Registry; and  (b) A process whereby a person may challenge information reported to the Registry by the Commissioner.  3. The regulations must not require a mortgage agent, mortgage banker, mortgage broker or mortgage servicer or an employee of a mortgage banker, mortgage broker or mortgage servicer to register with the Registry if the mortgage agent, mortgage banker, mortgage broker, mortgage servicer or employee is exempt from registration pursuant to subsection 1 of NRS 645F.267.  (Added to NRS by 2009, 2689; A 2011, 1394; 2015, 2809)
NV Rev Stat § 645F.293 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.293 - Secure and Fair Enforcement for Mortgage Licensing Act of 2008: Adoption of regulations to carry out provisions. [Effective January 1, 2020.]

  1. The Commissioner shall adopt regulations to carry out the provisions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008.  2. The regulations must include, without limitation:  (a) A method by which to allow for reporting regularly violations of the relevant provisions of chapter 645B of NRS, enforcement actions and other relevant information to the Registry; and  (b) A process whereby a person may challenge information reported to the Registry by the Commissioner.  3. The regulations must not require a mortgage loan originator, mortgage company or mortgage servicer or an employee of a mortgage company or mortgage servicer to register with the Registry if the mortgage loan originator, mortgage company, mortgage servicer or employee is exempt from registration pursuant to subsection 1 of NRS 645F.267.  (Added to NRS by 2009, 2689; A 2011, 1394; 2015, 2809; 2017, 3082, effective January 1, 2020)
NV Rev Stat § 645F.294 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.294 - Confidentiality and privilege of information and material provided to Registry: Generally; exception.

  1. Except as otherwise provided in section 1512 of Public Law 110-289, 12 U.S.C. § 5111, the requirements under any federal law or NRS 645B.060 and 645B.092 regarding the confidentiality of any information or material provided to the Registry, and any privilege arising under federal law or the laws of this State with respect to such information or material, continue to apply to such information or material after it has been disclosed to the Registry. Such information and material may be shared with federal and state regulatory officials with mortgage industry oversight without the loss of privilege or the loss of confidentiality protections provided by federal law or the provisions of NRS 645B.060 and 645B.092.  2. Information or material that is subject to a privilege or confidentiality under subsection 1 is not subject to:  (a) Disclosure under any federal or state law governing the disclosure to the public of information held by an officer or agency of the Federal Government or the State of Nevada; and  (b) Subpoena or discovery, or admission into evidence, in any private civil action or administrative process, unless with respect to any privilege held by the Registry with respect to such information or material, the person to whom such information or material waives, in whole or in part, that privilege.  3. This section does not apply to information or material relating to:  (a) The employment history of; and  (b) Publicly adjudicated disciplinary and enforcement actions against,  residential mortgage loan originators included in the Registry for access by the public.  (Added to NRS by 2009, 2689; A 2011, 3638)
NV Rev Stat § 645F.295 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.295 - Confidentiality and privilege of information and material provided to Registry: Commissioner authorized to enter into agreements with other entities.

For the purpose of carrying out the provisions of NRS 645F.294, the Commissioner may by regulation or order enter into agreements with other governmental agencies, the Conference of State Bank Supervisors, the American Association of Residential Mortgage Regulators or other associations representing governmental agencies.  (Added to NRS by 2009, 2689)
NV Rev Stat § 645F.296 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.296 - Certain residential mortgage loan originators required to obtain and maintain license as mortgage agent. [Effective through December 31, 2019.]

  1. Any person authorized to engage in activities as a residential mortgage loan originator on behalf of an installment loan lender licensed under chapter 675 of NRS shall obtain and maintain a license as a mortgage agent.  2. As used in this section:  (a) "Mortgage agent" has the meaning ascribed to in NRS 645B.0125; and  (b) "Residential mortgage loan originator" has the meaning ascribed to it in NRS 645B.01325.  (Added to NRS by 2011, 3637)
NV Rev Stat § 645F.296 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.296 - Certain residential mortgage loan originators required to obtain and maintain license as mortgage loan originator. [Effective January 1, 2020.]

  1. Any person authorized to engage in activities as a residential mortgage loan originator on behalf of an installment loan lender licensed under chapter 675 of NRS shall obtain and maintain a license as a mortgage loan originator.  2. As used in this section:  (a) "Mortgage loan originator" has the meaning ascribed to in NRS 645B.0125; and  (b) "Residential mortgage loan originator" has the meaning ascribed to it in NRS 645B.01325.  (Added to NRS by 2011, 3637; A 2017, 3082, effective January 1, 2020)
NV Rev Stat § 645F.300 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.300 - Definitions.

As used in NRS 645F.300 to 645F.450, inclusive, unless the context otherwise requires, the words and terms defined in NRS 645F.310 to 645F.370, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2007, 2854; A 2009, 1460; 2011, 1577, 3639)
NV Rev Stat § 645F.310 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.310 - "Covered service" defined.

Covered service includes, without limitation:  1. Financial counseling to a homeowner, including, without limitation, debt counseling and budget counseling.  2. Receiving money for the purpose of distributing it to creditors in payment or partial payment of any obligation secured by a mortgage or other lien on a residence in foreclosure.  3. Contacting a creditor on behalf of a homeowner.  4. Arranging or attempting to arrange for an extension of the period within which a homeowner may cure a default and reinstate an obligation pursuant to a note, mortgage or deed of trust.  5. Arranging or attempting to arrange for any delay or postponement of the time of a foreclosure sale of a residence in foreclosure.  6. Advising a homeowner regarding the filing of any document or assisting in any manner in the preparation of any document for filing with a bankruptcy court.  7. Giving any advice, explanation or instruction to a homeowner which in any manner relates to the cure of a default in or the reinstatement of an obligation secured by a mortgage or other lien on a residence, the full satisfaction of the obligation, or the postponement or avoidance of a foreclosure sale.  8. Arranging or conducting, or attempting to arrange or conduct, for a homeowner any forensic loan audit or review or other audit or review of loan documents.  9. Arranging or attempting to arrange for a homeowner the purchase by a third party of the homeowner’s mortgage loan.  10. Arranging or attempting to arrange for a homeowner a reduction of the principal of the homeowner’s mortgage loan when such a mortgage loan is held by or serviced by a third party.  11. Providing the services of a loan modification consultant.  12. Providing the services of a foreclosure consultant.  (Added to NRS by 2007, 2854; A 2011, 3639)
NV Rev Stat § 645F.320 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.320 - "Foreclosure consultant" defined.

Foreclosure consultant means a person who, directly or indirectly, makes any solicitation, representation or offer to a homeowner to perform for compensation, or who, for compensation, performs any covered service that the person represents will do any of the following:  1. Prevent or postpone a foreclosure sale;  2. Obtain any forbearance from any mortgagee or beneficiary of a deed of trust;  3. Assist the homeowner to exercise the right of reinstatement provided in the legal documents;  4. Obtain any extension of the period within which the homeowner may reinstate the homeowner’s obligation;  5. Obtain any waiver of an acceleration clause contained in any promissory note or contract secured by a mortgage on a residence in foreclosure or included in the mortgage or deed of trust;  6. Assist the homeowner in foreclosure or loan default to obtain a loan or advance of money;  7. Avoid or ameliorate the impairment of the homeowner’s credit resulting from the recording of a notice of default or the conduct of a foreclosure sale;  8. Save the homeowner’s residence from foreclosure; or  9. Assist the homeowner to obtain a foreclosure reconveyance.  (Added to NRS by 2007, 2854)
NV Rev Stat § 645F.330 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.330 - "Foreclosure purchaser" defined.

Foreclosure purchaser means a person who, in the course of his or her business, vocation or occupation, acquires or attempts to acquire title to a residence in foreclosure from a homeowner.  (Added to NRS by 2007, 2855)
NV Rev Stat § 645F.340 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.340 - "Foreclosure reconveyance" defined.

  1. "Foreclosure reconveyance" means a transaction that involves:  (a) The transfer of title to a residence in foreclosure by a homeowner during a foreclosure proceeding by:  (1) The transfer of an interest in the residence in foreclosure from the homeowner; or  (2) The creation of a mortgage or other lien during the foreclosure process that allows the acquirer to obtain title to the residence in foreclosure by redeeming the property as a junior lien holder; and  (b) The subsequent conveyance, or promise of a subsequent conveyance, of an interest in the residence to the former homeowner by the acquirer, or a person acting in concert with the acquirer, that allows the former homeowner to remain in possession of the residence following the completion of the foreclosure proceeding.  2. As used in this section, "interest in the residence" includes, without limitation, an interest in a contract for a deed, a purchase agreement, and an option to purchase or lease.  (Added to NRS by 2007, 2855)
NV Rev Stat § 645F.350 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.350 - "Foreclosure sale" defined.

Foreclosure sale means the sale of real property to enforce an obligation secured by a mortgage or lien on the property, including the exercise of a trustee’s power of sale pursuant to NRS 107.080.  (Added to NRS by 2007, 2855)
NV Rev Stat § 645F.360 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.360 - "Homeowner" defined.

Homeowner means the record owner of a residence, including, without limitation, the record owner of a residence in foreclosure at the time the notice of the pendency of an action for foreclosure is recorded pursuant to NRS 14.010 or the notice of default and election to sell is recorded pursuant to NRS 107.080.  (Added to NRS by 2007, 2855; A 2009, 1460)
NV Rev Stat § 645F.365 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.365 - "Loan modification consultant" defined.

Loan modification consultant means a person who, directly or indirectly, makes any solicitation, representation or offer to a homeowner to perform for compensation, or who, for compensation, performs any act that the person represents will adjust the terms of a mortgage loan in a manner not provided for in the original or previously modified mortgage loan. Such an adjustment includes, without limitation:  1. A change in the payment amount;  2. A change in the loan amount;  3. A loan forbearance;  4. A change in the loan maturity; and  5. A change in the interest rate.  (Added to NRS by 2009, 1457)
NV Rev Stat § 645F.367 (2021)
2021 Nevada Revised Statutes|Chapter 645F - Mortgage Lending and Related Professions|NRS 645F.367 - "Residence" defined.

Residence means a structure that contains not more than four individual units designed or intended for occupancy regardless of whether such a structure is attached to real property. The term includes an individual condominium unit, cooperative unit, mobile home or trailer used for occupancy.  (Added to NRS by 2011, 3637)