reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.240 - Use of fictitious name (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				Lending by R088-04, 8-25-2004;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.250 - Use of same name, confusingly similar name or name not approved by Division (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				Lending by R088-04, 8-25-2004; A by
				R126-16A,
				eff. 1/27/2017;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.260 - Activity constituting verifiable business; submission of evidence of activity (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				Lending by R088-04, 8-25-2004; R by
				R126-16A,
				eff. 1/27/2017
NRS
				645E.300
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.270 - Activity not constituting services as mortgage banker (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				Lending by R088-04, 8-25-2004; R038-10, 7-22-2010; A by
				R126-16A,
				eff. 1/27/2017;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.280 - Circumstances under which person is or is not considered to be making loan secured by lien on real property using his or her own money (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff.
				9-5-2000;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.283 - Professional conduct (Repealed)

Current through June 11, 2024
Added to NAC
				by Commr of Mortgage Lending by
				R126-16A,
				eff. 1/27/2017;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.285 - Representation of activity as licensed; restrictions on advertising (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				Lending by R088-04, 8-25-2004; R053-08, 4-23-2009; R038-10,
				7-22-2010-Substituted in revision for NAC 645E.450; A by
				R126-16A,
				eff. 1/27/2017;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.290 - Disclosures to borrowers by certain persons acting in dual capacity (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R088-04, eff. 8-25-2004;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › LICENSING AND OPERATION (REPEALED) › Section 645E.295 - Insider loans: Limitations and conditions (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R053-08, eff. 4-23-2009; A by
				R126-16A,
				eff. 1/27/2017;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › General Provisions (Repealed) › Section 645E.310 - Qualified employee: Designation and approval (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				  Lending by R088-04, 8-25-2004; R038-10, 7-22-2010; A by
				  R126-16A,
				  eff. 1/27/2017;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › General Provisions (Repealed) › Section 645E.315 - Change in ownership, control, management, principal employees or principal or branch office (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				  Lending by R088-04, 8-25-2004; R053-08, 4-23-2009; R038-10,
				  7-22-2010-Substituted in revision for NAC 645E.230; A by
				  R126-16A,
				  eff. 1/27/2017;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › General Provisions (Repealed) › Section 645E.320 - Fee for supervision and related activities: Amount; collection; failure to pay; accounting of time billed (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				  Lending by R088-04, 8-25-2004; R038-10, 7-22-2010; A by
				  R126-16A,
				  eff. 1/27/2017;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › General Provisions (Repealed) › Section 645E.321 - Grounds for denial of renewal of license (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Mortgage Lending by R038-10, eff. 7-22-2010; A by
				  R126-16A,
				  eff. 1/27/2017;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › General Provisions (Repealed) › Section 645E.323 - Surety bonds (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Mortgage Lending by R038-10, eff. 7-22-2010;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › General Provisions (Repealed) › Section 645E.327 - Submission of information or payment of fees by applicant or licensee (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Mortgage Lending by R038-10, eff. 7-22-2010;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › Examinations, Audits and Investigations (Repealed) › Section 645E.330 - Assessment for costs related to audits and examinations (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				  Lending by R088-04, 8-25-2004;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › Examinations, Audits and Investigations (Repealed) › Section 645E.335 - Authority of examiner, auditor or investigator (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Mortgage Lending by R088-04, eff. 8-25-2004; A by
				  R126-16A,
				  eff. 1/27/2017;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › Examinations, Audits and Investigations (Repealed) › Section 645E.337 - Proof of adverse change in financial condition (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Mortgage Lending by R038-10, eff. 7-22-2010;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › Examinations, Audits and Investigations (Repealed) › Section 645E.340 - Rating of mortgage banker upon completion of examination (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Mortgage Lending by R088-04, eff. 8-25-2004;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › Examinations, Audits and Investigations (Repealed) › Section 645E.345 - Results of examination: Preparation and review of draft report; final report; confidentiality; action by Commissioner (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Mortgage Lending by R088-04, eff. 8-25-2004;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › Records and Reports (Repealed) › Section 645E.350 - Monthly reports (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				  Lending by R088-04, 8-25-2004; A by
				  R126-16A,
				  eff. 1/27/2017;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › Records and Reports (Repealed) › Section 645E.355 - "Complete and suitable records" interpreted for purposes of NRS 645E.350 (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Mortgage Lending by R088-04, eff. 8-25-2004; A by R053-08, 4-23-2009; A by
				  R126-16A,
				  eff. 1/27/2017;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › SUPERVISION BY COMMISSIONER (REPEALED) › Records and Reports (Repealed) › Section 645E.360 - Retention and maintenance of certain records (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				  of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				  Lending by R088-04, 8-25-2004; R053-08, 4-23-2009; A by
				  R126-16A,
				  eff. 1/27/2017;	R
				  by
				  R119-19A,
				  eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › APPRAISALS (REPEALED) › Section 645E.400 - Preparation of appraisal submitted to lender (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				Lending by R088-04, 8-25-2004; R053-08, 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › ENFORCEMENT (REPEALED) › Section 645E.500 - Referral of certain suspected violations to and cooperation and sharing of information with federal and state agencies for investigation and action of certain suspected violations; grounds for disciplinary action (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm'r of Mortgage
				Lending by R088-04, 8-25-2004; R053-08, 4-23-2009; R038-10,
				7-22-2010;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › ENFORCEMENT (REPEALED) › Section 645E.505 - Reporting of violations to Registry; procedure for challenging report (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R038-10, eff. 7-22-2010;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › ENFORCEMENT (REPEALED) › Section 645E.510 - Orders to cease and desist from certain activities (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Financial Institutions by R046-00, eff. 9-5-2000-Substituted in revision for
				NAC
				NRS
				645E.300;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.515 - Coordination and notice of time and location (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.520 - Continuances (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.522 - Designation of hearing officer (Repealed)

Current through June 11, 2024
Added to NAC
				by Commr of Mortgage Lending by
				R126-16A,
				eff. 1/27/2017;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.525 - Representation of respondent (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.530 - Disclosure of exhibits and list of witnesses; limitations on discovery (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.535 - Motions (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.540 - Procedure (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.545 - Burden and standard of proof (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009; A by
				R126-16A,
				eff. 1/27/2017;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.550 - Rules of evidence; informality of proceedings (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.555 - Decision of hearing officer (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.560 - Posthearing motions (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.565 - Informal disposition of contested cases; consent and settlement agreements (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645E - Mortgage Bankers › HEARINGS (REPEALED) › Section 645E.570 - Immunity from civil liability (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
				of Mortgage Lending by R070-08, eff. 4-23-2009;	R
				by
				R119-19A,
				eff. 11/9/2023
NRS 645B.060
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › GENERAL PROVISIONS › Section 645F.002 - Designation of Division, employee or other person by Commissioner to perform duties of Commissioner

Current through June 11, 2024
The Commissioner may designate the Division, an appropriate
						employee of the Division or another appropriate person to perform any function
						or duty assigned to the Commissioner by a provision of this chapter.
(Added to NAC by Comm'r
						of Mortgage Lending by R052-09, eff. 8-25-2009) - (Substituted in revision for
						NAC 645F.100)
NRS
							645F.255,
							645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › GENERAL PROVISIONS › Section 645F.003 - Applicability of chapter

Current through June 11, 2024
The provisions of this chapter are not intended to:
1. Limit any statutory or common-law right of
					a person to bring a civil action against a licensee or other person for any act
					or omission involved in the transaction of business by or on behalf of the
					licensee or other person;
2. Limit
					the right of the State to punish a person for the violation of any law,
					ordinance or regulation; or
3.
					Establish a basis for a person to bring a civil action against the State or its
					officers or employees for any act or omission in carrying out the provisions of
					this chapter or chapter 645F of NRS, including, without limitation, any act or
					omission relating to the disclosure of information or the failure to disclose
					information pursuant to the provisions of this chapter or chapter 645F of
					NRS.
(Added to NAC by Comm'r
						of Mortgage Lending by R052-09, eff. 8-25-2009 - Substituted in revision for
						NAC 645F.110)
NRS
							645F.255,
							645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › GENERAL PROVISIONS › Section 645F.Sec. 3 - NEW

Current through June 11, 2024
1.
						Not later than 21 business days after receiving an application for a license by
						endorsement as a covered service provider, foreclosure consultant or loan
						modification consultant pursuant to section 2, the Commissioner will provide
						written notice to the applicant of any additional information required by the
						Commissioner to consider the application. Unless the Commissioner denies the
						application pursuant to subsection 2, the Commissioner will approve the
						application and issue a license by endorsement as a covered service provider,
						foreclosure consultant or loan modification consultant, as applicable, to the
						applicant not later than:
(a) Sixty days after
						receiving the application;
(b)
						Fifteen days after the Commissioner receives the report from the Federal Bureau
						of Investigation or proof that the applicant has previously passed a comparable
						criminal background check within the 6 months immediately preceding the date on
						which the application is submitted, as required by paragraph (c) of subsection
						1 of section 2; or
(c) If the
						application is for licensure as an independent licensee, 15 days after
						depositing with the Commissioner the surety bond required by NAC 645F 605 or a
						substitute form of security pursuant to NAC 645F610, whichever occurs
						latest.
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › GENERAL PROVISIONS › Section 645F.Sec. 4 - NEW

Current through June 11, 2024
1.
						Except as otherwise provided in section 2, a person who has been issued a
						license by endorsement as a covered service provider, foreclosure consultant or
						loan modification consultant pursuant to section 3 is subject to the same
						duties, restrictions, penalties, liabilities, conditions and limitations that
						would apply under the laws of this State to a person issued a license as a
						covered service provider, foreclosure consultant or loan modification
						consultant, as applicable, who did not obtain his or her license by endorsement
						pursuant to section 3.
2. A license
						by endorsement issued pursuant to section 3 expires and is subject to renewal
						as provided by NAC
						645F.270 on the same terms as a
						license which was not issued by endorsement.
Added to NAC by Comm'r
						of Mortgage Lending by
						R180-18A,
						eff. 6/12/2019
NRS
						622.530,
						645F.255
						and
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › GENERAL PROVISIONS › Section 645F.Sec. 6 - NEW

Current through June 11, 2024
1.
						Not later than 21 business days after receiving an application for a license by
						endorsement as a mortgage servicer pursuant to section 5, the Commissioner will
						provide written notice to the applicant of any additional information required
						by the Commissioner to consider the application. Unless the Commissioner denies
						the application pursuant to subsection 2, the Commissioner will approve the
						application and issue a license by endorsement as a mortgage servicer to the
						applicant not later than:
(a) Sixty days after
						receiving the application;
(b)
						Fifteen days after the Commissioner receives the report from the Federal Bureau
						of Investigation or proof that the applicant has previously passed a comparable
						criminal background check within the 6 months immediately preceding the date on
						which the application is submitted, as required by paragraph (c) of subsection
						1 of section 5; or
(c) Fifteen days
						after depositing with the Commissioner the corporate surety bond required by
						NAC 645F970, whichever occurs latest.
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › GENERAL PROVISIONS › Section 645F.Sec. 7 - NEW

Current through June 11, 2024
1.
						Except as otherwise provided in section 5, a person who has been issued a
						license by endorsement as a mortgage servicer pursuant to section 6 is subject
						to the same duties, restrictions, penalties, liabilities, conditions and
						limitations that would apply under the laws of this State to a person issued a
						license as a mortgage servicer who did not obtain his or her license by
						endorsement pursuant to section 6.
2. A license by endorsement issued pursuant
						to section 6 expires and is subject to renewal as provided by NAC
						645F.960 on the same terms as a
						license which was not issued by endorsement.
Added to NAC by Comm'r
						of Mortgage Lending by
						R180-18A,
						eff. 6/12/2019
NRS
						622.530,
						645F.255
						and
						645F.520
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.004 - Short title

Current through June 11, 2024
NAC 645F.004 to
						645F.920, inclusive, and
						sections 2, 3 and 4 may be referred to as the Nevada Covered Service Provider
						Regulations.
Added to NAC by
						Comm'r of Mortgage Lending by
						R120-15,
						effective upon the later of 1/1/2016 or the date this regulation is filed with
						the Secretary of State; A by
						R180-18A,
						eff. 6/12/2019
NRS
						622.530,
						645F.255
						and
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.005 - Definitions

Current through June 11, 2024
As used
						in the Nevada Covered Service Provider Regulations, unless the context
						otherwise requires, the words and terms defined in chapter 645F of NRS and NAC
						645F.010 to 645F.060, inclusive, have the meanings ascribed to them in that
						chapter and those sections.
; A by
						R120-15,
						effective upon the later of 1/1/2016 or the date this regulation is filed with
						the Secretary of State.Added to NAC by Comm'r of Mortgage Lending by R052-09,
						eff. 8-25-2009
NRS
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.010 - "Approved course" defined

Current through June 11, 2024
"Approved course" means a course of education
						that has been approved by the Commissioner as a course for initial licensure or
						continuing education and has been certified by:
1. The Mortgage Bankers
						Association;
2. The Mortgage
						Bankers Association of Nevada;
3.
						The National Association of Professional Mortgage Women or any approved Nevada
						chapter of the National Association of Professional Mortgage Women;
4. The Nevada Association of Mortgage
						Professionals;
5. The Real Estate
						Division of the Department of Business and Industry;
6. The Nevada System of Higher
						Education;
7. The Federal National
						Mortgage Association or its successors or assigns;
8. The Federal Home Loan Mortgage Corporation
						or its successors or assigns;
9.
						The United States Department of Housing and Urban Development;
10. The Lied Institute for Real Estate
						Studies;
11. The National
						Association of Mortgage Brokers;
12. The Registry; or
13. Any other organization approved by the
						Commissioner.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009; A by R035-10,
						7-22-2010
NRS
						645F.255,
						645F.292,
						645F.293,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.015 - "Associated licensee" defined

Current through June 11, 2024
1. "Associated
						licensee" means a licensee who:
(a) Is an
						employee of or independent contractor for an independent licensee;
						and
(b) Is authorized by the
						independent licensee to engage in, on behalf of the independent licensee, any
						activity that would require a person to be licensed pursuant to the Nevada
						Covered Service Provider Regulations and
						NRS 645F.300 to
						645F.450,
						inclusive.
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.020 - "Change of control" defined

Current through June 11, 2024
"Change of control" means:
1. A transfer of voting stock which results
						in giving a person, directly or indirectly, the power to direct the management
						and policy of a licensee who is not a natural person; or
2. A transfer of at least 25 percent of the
						outstanding voting stock of a licensee who is not a natural person.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.025 - "Covered service provider" defined

Current through June 11, 2024
"Covered service provider" means a person who
						performs any covered service for compensation, as that phrase is used in
						paragraph (a) of subsection 1 of
						NRS
						645F.390.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.030 - "Hour of instruction" defined

Current through June 11, 2024
"Hour of instruction" means 50 minutes of
						instruction or more.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.035 - "Independent licensee" defined

Current through June 11, 2024
"Independent licensee" means a licensee who is
						not an employee of or independent contractor for another licensee.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.040 - "Licensee" defined

Current through June 11, 2024
"Licensee" means a person licensed under the
						Nevada Covered Service Provider Regulations and chapter 645F of NRS.
; A by
						R120-15,
						effective upon the later of 1/1/2016 or the date this regulation is filed with
						the Secretary of State.Added to NAC by Comm'r of Mortgage Lending by R052-09,
						eff. 8-25-2009
NRS
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.045 - "Loan modification" defined

Current through June 11, 2024
"Loan modification" means the adjustment of the
						terms of a mortgage loan in a manner that is not provided for in the original
						or previously modified mortgage loan. Such an adjustment includes, but is not
						limited to:
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 NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.050 - "Provider" defined

Current through June 11, 2024
"Provider" means any person or entity approved
						by the Commissioner pursuant to NAC 645F.515.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.055 - "Relative" defined

Current through June 11, 2024
"Relative" means a spouse or any other person
						who is related within the second degree by blood or marriage.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.060 - "Residence" defined

Current through June 11, 2024
"Residence" means residential real property
						located in this State and consisting of not more than four family dwelling
						units.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.080 - "Contacting a creditor on behalf of a homeowner" interpreted

Current through June 11, 2024
As used in subsection 3 of
						NRS
						NRS
						645F.310, the phrase "contacting a creditor
						on behalf of a homeowner" includes, without limitation, all activity in which a
						loan modification consultant may engage, as described in NRS NRS
						NRS
						645F.365.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.100 - Designation of Division, employee or other person by Commissioner to perform duties of Commissioner

Current through June 11, 2024
The Commissioner may designate the Division, an
						appropriate employee of the Division or another appropriate person to perform
						any function or duty assigned to the Commissioner by a provision of this
						chapter.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.105 - Persons subject to licensure for purposes of subsection 1 of NRS 645F.380

Current through June 11, 2024
For the
						purposes of subsection 1 of
						NRS 645F.380, a
						person who:
1. Is not an attorney at
						law; and
2. Engages in any activity
						for which a license under the Nevada Covered Service Provider Regulations and
						chapter 645F of NRS is required,
must be appropriately licensed under the
						Nevada Covered Service Provider Regulations chapter and chapter 645F of NRS
						without regard to whether the person is employed by or otherwise associated
						with an attorney at law.
; A by
						R120-15,
						effective upon the later of 1/1/2016 or the date this regulation is filed with
						the Secretary of State.Added to NAC by Comm'r of Mortgage Lending by R052-09,
						eff. 8-25-2009
NRS
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › General Provisions › Section 645F.110 - Applicability of chapter to civil action or violation of law

Current through June 11, 2024
The provisions of this
						chapter are not intended to:
1. Limit
						any statutory or common-law right of a person to bring a civil action against a
						licensee or other person for any act or omission involved in the transaction of
						business by or on behalf of the licensee or other person;
2. Limit the right of the State to punish a
						person for the violation of any law, ordinance or regulation; or
3. Establish a basis for a person to bring a
						civil action against the State or its officers or employees for any act or
						omission in carrying out the provisions of this chapter or chapter 645F of NRS,
						including, without limitation, any act or omission relating to the disclosure
						of information or the failure to disclose information pursuant to the
						provisions of this chapter or chapter 645F of NRS.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.200 - License required

Current through June 11, 2024
A person shall not advertise services as,
						provide any of the services of, act as or conduct business as a covered service
						provider, foreclosure consultant or loan modification consultant or otherwise
						engage in, carry on or hold himself or herself out as engaging in or carrying
						on the activities of a covered service provider, foreclosure consultant or loan
						modification consultant unless the person has a license as a covered service
						provider, foreclosure consultant or loan modification consultant, as
						applicable, issued pursuant to the Nevada Covered Service Provider Regulations
						and chapter 645F of NRS.
; A by
						R120-15,
						effective upon the later of 1/1/2016 or the date this regulation is filed with
						the Secretary of State.Added to NAC by Comm'r of Mortgage Lending by R052-09,
						eff. 8-25-2009
NRS
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.210 - Documentation required with application for license; effect of failure to respond to written request for information

Current through June 11, 2024
1. If applicable,
						an applicant must submit with the application for a license as a covered
						service provider, foreclosure consultant or loan modification consultant:
(a) If the applicant is a corporation, a copy
						of:
(1) Its articles of incorporation and its
						bylaws; and
(2) If applicable, its
						balance sheet and a statement of the profit and loss of the corporation for the
						2 years immediately preceding the year of the application.
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.215 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner; suspension of license for failure to pay or comply with certain subpoenas or warrants; reinstatement of license

Current through June 11, 2024
1. In addition to any other requirements set
						forth in this chapter and chapter 645F of NRS:
(a) A natural person who applies for the
						issuance of a license as a covered service provider, foreclosure consultant or
						loan modification consultant must 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 covered service provider, foreclosure
						consultant or loan modification consultant must 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.
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.215 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner; suspension of license for failure to pay or comply with certain subpoenas or warrants; reinstatement of license

Current through June 11, 2024
1. In addition to
						any other requirements set forth in the Nevada Covered Service Provider
						Regulations and chapter 645F of NRS, a natural person who applies for the
						issuance or renewal of a license as a covered service provider, foreclosure
						consultant or loan modification consultant must 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 NRS
						NRS
						425.520. The statement must be completed and
						signed by the applicant.
2. The
						Commissioner will include the statement required by 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.
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.220 - Grounds for refusal to issue license: Conviction of certain crimes; suspension or revocation of certain licenses or registration

Current through June 11, 2024
The Commissioner may
						refuse to issue a license to an applicant if the Commissioner has reasonable
						cause to believe that the applicant or, if the applicant is not a natural
						person, any general partner, officer or director of the applicant has employed
						or otherwise associated with, or proposes to employ or otherwise associate
						with, a person authorized to conduct activity on behalf of the applicant 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:
1. Had been
						convicted of, or entered a plea of guilty or nolo contendere to a felony
						relating to the practice of a covered service provider, foreclosure consultant
						or loan modification consultant, or any crime involving fraud,
						misrepresentation or moral turpitude; or
2. Had a professional license or a financial
						services license or registration that was issued in this State or any other
						state, the United States, any district or territory of the United States or any
						foreign country suspended or revoked within the immediately preceding 10
						years.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.225 - Grounds for refusal to issue license: Act or omission of certain persons; control by relative who is ineligible to be licensed

Current through June 11, 2024
1. If an applicant is not a natural person,
						the Commissioner may refuse to issue a license to the applicant if the
						Commissioner has reasonable cause to believe that any person who will have an
						interest in the applicant as an owner, principal, partner, officer, director or
						trustee:
(a) Is ineligible to be licensed as
						a covered service provider, foreclosure consultant or loan modification
						consultant or has committed any act or omission that would be cause for
						refusing to issue a license to that person as a covered service provider,
						foreclosure consultant or loan modification consultant; or
(b) Is or would be subject to control by a
						relative who is ineligible to be licensed as a covered service provider,
						foreclosure consultant or loan modification consultant or has committed any act
						or omission that would be cause for refusing to issue a license to that
						relative as a covered service provider, foreclosure consultant or loan
						modification consultant.
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.230 - Grounds for refusal to issue license: Authority of Commissioner not limited

Current through June 11, 2024
The
						provisions of the Nevada Covered Service Provider Regulations 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.
; A by
						R120-15,
						effective upon the later of 1/1/2016 or the date this regulation is filed with
						the Secretary of State.Added to NAC by Comm'r of Mortgage Lending by R052-09,
						eff. 8-25-2009
NRS
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.235 - Denial of application for license: Issuance; hearing

Current through June 11, 2024
1. The Commissioner may issue the denial of
						any application for a license.
2.
						Upon receipt of a denial of an application, the applicant must request a
						hearing within 20 days after receipt of the notice or the Commissioner will
						issue a final order denying licensure.
3. Upon receipt of a request for a hearing
						pursuant to subsection 2, the Commissioner may designate a person to serve as a
						hearing officer and a hearing must be set as promptly as possible.
4. Each party to any hearing held pursuant to
						this section shall, not later than 10 days before the hearing, provide to the
						opposing party and to the hearing officer all documents anticipated to be used
						at the hearing. No other discovery is allowed.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.240 - Applicant not licensed until license issued and written notice given by Commissioner

Current through June 11, 2024
An applicant for a license as a covered service
						provider, foreclosure consultant or loan modification consultant is not
						licensed as a covered service provider, foreclosure consultant or loan
						modification consultant, respectively, and may not engage in any activity
						requiring such a license until the Commissioner has issued the license to the
						applicant pursuant to this chapter and chapter 645F of NRS and has given
						written notice of such issuance to the applicant.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.245 - Activities authorized by license

Current through June 11, 2024
A license as a covered service provider,
						foreclosure consultant or loan modification consultant entitles the licensee to
						engage only in the activities authorized by this chapter and chapter 645F of
						NRS for a covered service provider, foreclosure consultant or loan modification
						consultant, as applicable.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.250 - Licensee not precluded from holding certain other licenses

Current through June 11, 2024
A person who holds a
						license as a covered service provider, foreclosure consultant or loan
						modification consultant is not precluded from also holding other licenses which
						may be issued pursuant to this chapter or chapter 645, 645B, 645E or 645F of
						NRS.
; A by
						R120-15,
						effective upon the later of 1/1/2016 or the date this regulation is filed with
						the Secretary of State.Added to NAC by Comm'r of Mortgage Lending by R052-09,
						eff. 8-25-2009
NRS
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.255 - Display of license; restriction on use of name of business; license number required on contract; transfer of license prohibited

Current through June 11, 2024
A licensee:
1. Shall post each license, including, but
						not limited to, those of any associated licensees, in a conspicuous place in
						the office to which the license pertains.
2. Shall conduct business only under the name
						for which the licensee is licensed.
3. Shall ensure that each contract for
						covered services to which the licensee is a party prominently discloses the
						license number of the licensee.
4.
						Shall not transfer or assign a license to another person, unless the
						Commissioner gives written approval.
Added to NAC by Comm'r of Mortgage
						Lending by R052-09, eff. 8-25-2009
NRS
						645F.255,
						645F.390
Nevada Administrative Code › Chapter 645F - Mortgage Lending and Related Professions › NEVADA COVERED SERVICE PROVIDER REGULATIONS › Licensing and Operation: Generally › Section 645F.260 - Use of fictitious name

Current through June 11, 2024
1. A licensee may
						conduct business using a new fictitious name only if the licensee:
(a) Obtains a certified copy, issued by the
						appropriate county clerk, of the certificate filed by the licensee pursuant to
						chapter 602 of NRS indicating the new fictitious name;
(b) Files with the Commissioner, not later
						than 10 calendar days after obtaining the certified copy pursuant to paragraph
						(a):
(1) The certified copy obtained pursuant
						to paragraph (a); and
(2) The
						current license of the licensee; and
(c) Receives from the Commissioner an amended
						license indicating the new fictitious name.