LegalFix
Sign In

NRS 658.210 - Residential mortgage loan originator acting on behalf of privately insured institution or organization required to be licensed as mortgage loan originator. [Effective January 1, 2020, and until the adoption of a Memorandum of Understanding between the Division of Financial Institutions and the National Credit Union Administration for registration of mortgage loan originators under federal SAFE Act.]

NV Rev Stat § 658.210 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. Except as otherwise provided in NRS 645F.296, any person authorized to engage in activities as a residential mortgage loan originator on behalf of a privately insured institution or organization licensed under this title shall obtain and maintain a license as a mortgage loan originator.

2. As used in subsection 1:

(a) “Mortgage loan originator” has the meaning ascribed to in NRS 645B.0125; and

(b) “Residential mortgage loan originator” has the meaning ascribed to it in NRS 645B.01325.

(Added to NRS by 2009, 2693; A 2011, 3643; 2017, 3103; R 2019, 1424, effective on the date of the adoption of a Memorandum of Understanding between the Division of Financial Institutions and the National Credit Union Administration for registration of mortgage loan originators under federal SAFE Act)

Previous Section
NRS 658.210 - Residential mortgage loan originator acting on behalf of privately insured institution or organization required to be licensed as mortgage agent. [Effective through the earlier of December 31, 2019, or until the adoption of a Memorandum of Understanding between the Division of Financial Institutions and the National Credit Union Administration for registration of mortgage loan originators under federal SAFE Act.]
No more sections