NRS 645B.400
Requirements to provide services of or engage in activities of mortgage loan originator.

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.

Source: Section 645B.400 — Requirements to provide services of or engage in activities of mortgage loan originator., https://www.­leg.­state.­nv.­us/NRS/NRS-645B.­html#NRS645BSec400.

Last Updated

Feb. 5, 2021

§ 645B.400’s source at nv​.us