PocketLaw | Nevada Revised Statutes

"Nationwide Mortgage Licensing System and Registry" and "Registry" defined. [Effective through December 31, 2019.]

Section
645E.115

"Wholesale lender" defined. [Effective through December 31, 2019.]

Section
645E.130

Statutory and common-law rights, remedies and punishments unaffected; limitation on actions against State and its officers and employees. [Effective through December 31, 2019.]

Section
645E.150

Exemptions for certain persons and entities. [Effective through December 31, 2019.]

Section
645E.160

Certificate of exemption: Application; fee; automatic expiration; prohibitions; administrative fines; authority to file application for purposes of complying with requirements of Registry; applicability. [Effective through December 31, 2019.]

Section
645E.165

Certificate of exemption: Annual expiration; procedure for renewal; cancellation and reinstatement; fees; duplicate copy; deposit of fees; regulations. [Effective through December 31, 2019.]

Section
645E.170

Exemptions for certain loans: Grounds for granting; revocation; issuance of statement by Commissioner of reasons for granting, denying or revoking. [Effective through December 31, 2019.]

Section
645E.200

Application for license; application for branch offices; requirements for issuance of license; grounds for denial of license to partnership, corporation or unincorporated association; license for office outside Nevada which conducts business in Nevada. [Effective through December 31, 2019.]

Section
645E.210

Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective until the earlier of January 1, 2020, or the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

Section
645E.210

Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective on the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings and expires: (a) by limitation 2 years after that date or (b) on January 1, 2020, whichever occurs first.]

Section
645E.220

Posting of license; restrictions on transfer or assignment of license. [Effective through December 31, 2019.]

Section
645E.230

Activities authorized by license; dual licensure as mortgage banker and mortgage broker. [Effective through December 31, 2019.]

Section
645E.280

Annual expiration of license; procedure for renewal; cancellation and reinstatement; fees; duplicate copy; deposit of fees; regulations. [Parts of this section were replaced in revision in 2015 by NRS 645E.165.] [Effective through December 31, 2019.]

Section
645E.290

License required for certain persons who engage in activities as loan originator or who supervise mortgage agents who engage in such activities. [Effective through December 31, 2019.]

Section
645E.291

Supervision of mortgage agents by mortgage banker; requirements; regulations. [Effective through December 31, 2019.]

Section
645E.300

Duties of Commissioner: General supervision and control over mortgage bankers; regulations; investigations; annual or biennial examinations; periodic and special audits; hearings; related fees; classification of certain records and information as confidential. [Effective through December 31, 2019.]

Section
645E.310

Subpoenas; oaths; examination of witnesses; penalty; assessment of costs. [Effective through December 31, 2019.]

Section
645E.315

Written notice of address change; approval by Commissioner; administrative fine. [Effective through December 31, 2019.]

Section
645E.320

Payment of statutory assessment by mortgage banker; duty of mortgage banker to cooperate fully with audits and examinations. [Effective through December 31, 2019.]

Section
645E.350

Records relating to mortgage transactions, financial condition and trust accounts; monthly report to Commissioner; accounting procedures for trust accounts; regulations; records of licensee who operates outside Nevada; mortgage bankers required to submit reports to Registry. [Effective through December 31, 2019.]

Section
645E.360

Annual financial statement; audit of trust accounts; Commissioner authorized to direct submission of financial statement; regulations. [Effective through December 31, 2019.]

Section
645E.370

Records of Commissioner: General provisions governing public inspection and confidentiality. [Effective through December 31, 2019.]

Section
645E.375

Records of Commissioner: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records; disclosure by Commissioner. [Effective through December 31, 2019.]

Section
645E.390

Notification of certain transfers required; application to Commissioner for approval of change of control; investigation; waiver. [Effective through December 31, 2019.]

Section
645E.420

Escrow account required for fee, salary, deposit or money paid in advance; release from escrow; exceptions; refunds; penalty. [Effective through December 31, 2019.]

Section
645E.430

Trust account required for money deposited to pay taxes or insurance premiums; fiduciary duty of mortgage banker; accounting to debtor and Commissioner; additional duties and prohibitions. [Effective through December 31, 2019.]

Section
645E.440

Limitations on execution or attachment of money in trust account; commingling of money prohibited. [Effective through December 31, 2019.]

Section
645E.470

Limitations on charging late fee, additional amount of interest or other penalty. [Effective through December 31, 2019.]

Section
645E.620

Authority of Commissioner when violation is suspected; referral of violations to district attorney for criminal prosecution; civil action for injunctive relief. [Effective through December 31, 2019.]

Section
645E.630

Authority of Commissioner when unsafe condition or practice is suspected; seizure of property and assets of mortgage banker; duties of Attorney General. [Effective through December 31, 2019.]

Section
645E.640

Persons entitled to correct unsafe conditions and practices; effect of failure to correct; receivership and liquidation of assets. [Effective through December 31, 2019.]

Section
645E.670

Authorized disciplinary or other action; grounds for disciplinary action; orders imposing discipline deemed public records. [Effective through December 31, 2019.]

Section
645E.680

Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until the earlier of January 1, 2020, or 2 years after the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

Section
645E.690

Duty of Commissioner to take disciplinary action for certain violations. [Effective through December 31, 2019.]

Section
645E.700

Investigations, actions, disciplinary proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license. [Effective through December 31, 2019.]

Section
645E.710

Act or omission of partner, officer or director deemed act or omission of partnership, corporation or unincorporated association. [Effective through December 31, 2019.]

Section
645E.750

Duty of Commissioner to provide written notice of disciplinary action or denial of license; right to administrative hearing; entry of final order; appeals. [Effective through December 31, 2019.]

Section
645E.800

Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction. [Effective through December 31, 2019.]

Section
645E.900

Unlawful to conduct business of mortgage banker without being licensed or exempt from licensing. [Effective through December 31, 2019.]

Section
645E.910

Unlawful for foreign corporation, association or business trust to conduct business of mortgage banker without meeting certain requirements. [Effective through December 31, 2019.]

Section
645E.920

Contracts for mortgage transaction voidable for certain violations. [Effective through December 31, 2019.]

Section
645E.930

Civil action authorized for certain violations. [Effective through December 31, 2019.]

Section
645E.950

Penalties for general violations. [Effective through December 31, 2019.]

Section
645E.955

Restitution. [Effective through December 31, 2019.]

Section
645E.960

Mortgage Bankers

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