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NRS 645B.400 - Requirements to provide services of or engage in activities of mortgage agent. [Effective through December 31, 2019.]

NV Rev Stat § 645B.400 (2019) (N/A)
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A person shall not act as or provide any of the services of a mortgage agent or otherwise engage in, carry on or hold himself or herself out as engaging in or carrying on the activities of a mortgage agent unless the person:

1. Has a license as a mortgage agent issued pursuant to NRS 645B.410.

2. Is:

(a) If the person is not a loan processor who is an independent contractor, an employee of a mortgage broker or mortgage banker; or

(b) An employee of or associated with a person who holds a certificate of exemption pursuant to NRS 645B.016.

3. If the person is required to register with the Registry:

(a) Is an employee of and whose sponsorship has been entered with the Registry by a mortgage broker, mortgage banker or person who holds a certificate of exemption pursuant to NRS 645B.016 as required by subsection 2 of NRS 645B.450; and

(b) Is registered with and provides any identifying number issued by the Registry.

(Added to NRS by 2003, 3543; A 2011, 3617; 2013, 116)

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NRS 645B.357 - Restriction on collection of fees by mortgage company; application of fees. [Effective January 1, 2020.]
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NRS 645B.400 - Requirements to provide services of or engage in activities of mortgage loan originator. [Effective January 1, 2020.]