A person shall not act as or provide any of the services of a mortgage loan originator, otherwise engage in, carry on or hold himself or herself out as engaging in or carrying on the activities of a mortgage loan originator or supervise a mortgage loan originator unless the person:
1. Has a license as a mortgage loan originator issued pursuant to NRS 645B.410 to 645B.460, inclusive, or is an employee of or associated with a person who holds a certificate of exemption pursuant to NRS 645B.016.
2. 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 company 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; 2017, 3067, effective January 1, 2020)