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NRS 645B.093 - Commingling certain money prohibited. [Effective January 1, 2020.]

NV Rev Stat § 645B.093 (2019) (N/A)
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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)

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NRS 645B.093 - Commingling certain money prohibited. [Effective through December 31, 2019.]
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