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NRS 645B.0243 - Grounds for denial of license: Employing or associating with certain persons who are ineligible to be mortgage loan originators. [Effective January 1, 2020.]

NV Rev Stat § 645B.0243 (2019) (N/A)
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The Commissioner may refuse to issue a license to an applicant if the Commissioner has reasonable cause to believe that the applicant or any general partner, officer or director of the applicant has, after October 1, 1999, employed or proposed to employ a person as a mortgage loan originator or authorized or proposed to authorize a person to be associated with a mortgage company as a mortgage loan originator at a time when the applicant or the general partner, officer or director knew or, in light of all the surrounding facts and circumstances, reasonably should have known that the person has committed any act or omission that would be cause for refusing to issue a license to a mortgage loan originator.

(Added to NRS by 1999, 3768; A 2003, 2723; 2009, 2680; 2017, 3042, effective January 1, 2020)

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NRS 645B.0243 - Grounds for denial of license: Employing or associating with certain persons who are ineligible to be mortgage agents. [Effective through December 31, 2019.]
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NRS 645B.0245 - Grounds for denial of license: Control by relative who would be ineligible to be licensed; act or omission of partner, officer or director.