1. Except as otherwise provided in this section, not later than 90 days after the last day of each fiscal year for a mortgage banker, the mortgage banker shall submit to the Commissioner a financial statement that:
(a) Is dated not earlier than the last day of the fiscal year; and
(b) Has been prepared from the books and records of the mortgage banker by an independent certified public accountant who holds a license to practice in this State or in any other state that has not been revoked or suspended.
2. Unless otherwise prohibited by the Registry, the Commissioner may grant a reasonable extension for the submission of a financial statement pursuant to this section if a mortgage banker requests such an extension before the date on which the financial statement is due.
3. If a mortgage banker maintains any accounts described in NRS 645E.430, the financial statement submitted pursuant to this section must be audited.
4. The Commissioner may require the financial statement to be submitted directly to the Commissioner or, if the mortgage banker that submits the financial statement is required to register or voluntarily registers with the Registry, to the Division through the Registry.
5. The Commissioner shall adopt regulations prescribing the scope of an audit conducted pursuant to subsection 3.
(Added to NRS by 1999, 3753; A 2003, 3565; 2007, 963; 2011, 3633; R 2017, 3106, effective January 1, 2020)