Mortgage company who is not natural person to designate natural person as qualified employee; regulations. [Effective January 1, 2020.]

  1. Law
  2. Nevada Revised Statutes
  3. Mortgage Companies and Mortgage Loan Originators
  4. Mortgage company who is not natural person to designate natural person as qualified employee; regulations. [Effective January 1, 2020.]

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1. If a mortgage company is not a natural person, the mortgage company must designate a natural person as a qualified employee to act on behalf of the mortgage company.

2. The Division shall adopt regulations regarding a qualified employee, including, without limitation, regulations that establish:

(a) A definition for the term "qualified employee";

(b) Any duties of a qualified employee; and

(c) Any requirements regarding a qualified employee.

(Added to NRS by 2007, 950; A 2017, 3041, effective January 1, 2020)


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