1. The Commissioner shall adopt regulations to carry out the provisions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008.
2. The regulations must include, without limitation:
(a) A method by which to allow for reporting regularly violations of the relevant provisions of chapter 645B of NRS, enforcement actions and other relevant information to the Registry; and
(b) A process whereby a person may challenge information reported to the Registry by the Commissioner.
3. The regulations must not require a mortgage loan originator, mortgage company or mortgage servicer or an employee of a mortgage company or mortgage servicer to register with the Registry if the mortgage loan originator, mortgage company, mortgage servicer or employee is exempt from registration pursuant to subsection 1 of NRS 645F.267.
(Added to NRS by 2009, 2689; A 2011, 1394; 2015, 2809; 2017, 3082, effective January 1, 2020)