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NRS 645B.0137 - Requirements for initial licensing as mortgage broker or mortgage agent; regulations. [Effective through December 31, 2019.]

NV Rev Stat § 645B.0137 (2019) (N/A)
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1. In addition to any other requirements provided by this chapter, a person who wishes to receive an initial license as a mortgage broker or mortgage agent must:

(a) Complete education on mortgage lending as required by this chapter and any regulations adopted thereto; and

(b) Successfully pass a written examination as provided for by the Division.

2. If the applicant for an initial license as a mortgage broker is not a natural person, the applicant must designate a natural person to be the qualified employee of the applicant and meet the requirements of subsection 1.

3. The Division may hire a testing organization to create, administer and score a written examination.

4. The Commissioner shall adopt regulations to carry out the provisions of this section, including, without limitation:

(a) Regulations relating to the content of a written examination and the scoring of a written examination; and

(b) Regulations for compliance with the requirements for registration with the Registry and any other applicable federal law.

(Added to NRS by 2007, 950; A 2009, 2678)

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NRS 645B.0137 - Requirements for initial licensing as mortgage company or mortgage loan originator; regulations. [Effective January 1, 2020.]