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)