Residential mortgage loan originator acting on behalf of privately insured institution or organization required to be licensed as mortgage agent. [Effective through the earlier of December 31, 2019, or until the adoption of a Memorandum of Understanding between the Division of Financial Institutions and the National Credit Union Administration for registration of mortgage loan originators under federal SAFE Act.]

  1. Law
  2. Nevada Revised Statutes
  3. Supervision and Control
  4. Residential mortgage loan originator acting on behalf of privately insured institution or organization required to be licensed as mortgage agent. [Effective through the earlier of December 31, 2019, or until the adoption of a Memorandum of Understanding between the Division of Financial Institutions and the National Credit Union Administration for registration of mortgage loan originators under federal SAFE Act.]

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1. Except as otherwise provided in NRS 645F.296, any person authorized to engage in activities as a residential mortgage loan originator on behalf of a privately insured institution or organization licensed under this title shall obtain and maintain a license as a mortgage agent.

2. As used in subsection 1:

(a) "Mortgage agent" has the meaning ascribed to in NRS 645B.0125; and

(b) "Residential mortgage loan originator" has the meaning ascribed to it in NRS 645B.01325.

(Added to NRS by 2009, 2693; A 2011, 3643; R 2019, 1424, effective on the date of the adoption of a Memorandum of Understanding between the Division of Financial Institutions and the National Credit Union Administration for registration of mortgage loan originators under federal SAFE Act)


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