Mortgage Lending and Related Professions

  1. Law
  2. Nevada Revised Statutes
  3. Mortgage Lending and Related Professions

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Section
645F.010

Definitions.

Section
645F.020

"Commissioner" defined.

Section
645F.030

"Division" defined.

Section
645F.040

"Escrow agency" defined.

Section
645F.050

"Mortgage banker" defined. [Effective through December 31, 2019.]

Section
645F.060

"Mortgage broker" defined. [Effective through December 31, 2019.]

Section
645F.060

"Mortgage company" defined. [Effective January 1, 2020.]

Section
645F.063

"Mortgage servicer" defined.

Section
645F.065

"Nationwide Mortgage Licensing System and Registry" or "Registry" defined.

Section
645F.090

Inapplicability of chapter to participants in Regulatory Experimentation Program for Product Innovation; exception. [Effective January 1, 2020.]

Section
645F.150

Commissioner: Qualifications; restrictions on other employment or offices.

Section
645F.160

Commissioner: Prohibition on having interest in regulated entity or engaging in business as personal loan broker. [Effective through December 31, 2019.]

Section
645F.160

Commissioner: Prohibition on having interest in regulated entity or engaging in business as personal loan broker. [Effective January 1, 2020.]

Section
645F.170

Commissioner: Oath.

Section
645F.180

Appointment of deputy commissioners and other employees; use of certified public accountant for audits and examinations; assessments paid by regulated entities for audits and examinations. [Effective through December 31, 2019.]

Section
645F.180

Appointment of deputy commissioners and other employees; use of certified public accountant for audits and examinations; assessments paid by regulated entities for audits and examinations. [Effective January 1, 2020.]

Section
645F.190

Oath of deputy commissioners.

Section
645F.250

Commissioner and Division to administer chapters governing mortgage lending and related professions.

Section
645F.255

Regulations: Generally.

Section
645F.260

State Board of Finance to act in advisory capacity.

Section
645F.267

Certain persons not required to register or renew with or provide reports of financial condition to Registry; certain persons required to comply with Secure and Fair Enforcement for Mortgage Licensing Act of 2008. [Effective through December 31, 2019.]

Section
645F.267

Certain persons not required to register or renew with or provide reports of financial condition to Registry; certain persons required to comply with Secure and Fair Enforcement for Mortgage Licensing Act of 2008. [Effective January 1, 2020.]

Section
645F.270

Account for Mortgage Lending: Creation; use; no reversion to State General Fund; administration; interest and income; payment of claims.

Section
645F.275

Adoption of regulations establishing minimum net worth or surety bonding requirements for loans by residential mortgage loan originators, percentage of fees from licensing to be deposited in mortgage recovery fund and methods to make claim against fund.

Section
645F.277

Adoption of regulations establishing guidelines and limitations for servicing or arranging certain loans.

Section
645F.280

Adoption of regulations establishing rates paid by persons licensed by Commissioner for supervision and examination by Commissioner or Division.

Section
645F.290

Assessments paid by persons licensed by Commissioner or Division for legal services provided by Attorney General to Commissioner and Division.

Section
645F.291

Subpoenas; oaths; examination of witnesses; penalty; assessment of costs.

Section
645F.292

Secure and Fair Enforcement for Mortgage Licensing Act of 2008: Adoption of regulations to comply with requirements.

Section
645F.293

Secure and Fair Enforcement for Mortgage Licensing Act of 2008: Adoption of regulations to carry out provisions. [Effective through December 31, 2019.]

Section
645F.293

Secure and Fair Enforcement for Mortgage Licensing Act of 2008: Adoption of regulations to carry out provisions. [Effective January 1, 2020.]

Section
645F.294

Confidentiality and privilege of information and material provided to Registry: Generally; exception.

Section
645F.295

Confidentiality and privilege of information and material provided to Registry: Commissioner authorized to enter into agreements with other entities.

Section
645F.296

Certain residential mortgage loan originators required to obtain and maintain license as mortgage agent. [Effective through December 31, 2019.]

Section
645F.296

Certain residential mortgage loan originators required to obtain and maintain license as mortgage loan originator. [Effective January 1, 2020.]

Section
645F.300

Definitions.

Section
645F.310

"Covered service" defined.

Section
645F.320

"Foreclosure consultant" defined.

Section
645F.330

"Foreclosure purchaser" defined.

Section
645F.340

"Foreclosure reconveyance" defined.

Section
645F.350

"Foreclosure sale" defined.

Section
645F.360

"Homeowner" defined.

Section
645F.365

"Loan modification consultant" defined.

Section
645F.367

"Residence" defined.

Section
645F.370

"Residence in foreclosure" defined.

Section
645F.380

Applicability.

Section
645F.390

Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Licenses; fingerprints; regulations.

Section
645F.392

Persons performing covered services for compensation: Written contracts for covered services; regulations.

Section
645F.396

Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Records; duties; inspection and audit of records by Commissioner.

Section
645F.397

Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Disclosures.

Section
645F.398

Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Notice requirements.

Section
645F.400

Persons performing covered services for compensation: Prohibited acts; penalty.

Section
645F.405

Foreclosure consultants, loan modification consultants and persons performing covered services for compensation prohibited from claiming or receiving compensation before homeowner executes written agreement.

Section
645F.410

Administrative penalties for violation of chapter, regulation or other applicable law; disposition of money collected as administrative penalties; appointment of hearing officers or panels by Commissioner; claims for attorney’s fees and investigative costs.

Section
645F.420

Homeowner may bring action to recover damages.

Section
645F.430

Foreclosure purchasers: Criminal penalty for fraud or deceit against homeowner.

Section
645F.440

Foreclosure purchasers: Transaction rescinded due to fraud or deceit upon homeowner.

Section
645F.445

Person with knowledge of violation prohibited from providing assistance or support to violating foreclosure consultant, loan modification consultant or person performing covered service for compensation.

Section
645F.450

Cumulative nature of rights, remedies and penalties.

Section
645F.500

Applicability.

Section
645F.510

License required.

Section
645F.520

Regulations.

Section
645F.530

Compliance with other laws, regulations and orders of Commissioner; authority of Commissioner to conduct examination or investigation of and to take disciplinary action against mortgage servicer or applicant for license.

Section
645F.540

Duty to submit certain documents, fees, fines and costs through Registry; deposit of fees and costs.