NRS 645B.01356
“Wholesale lender” defined.

“Wholesale lender” means a person who:

1.

Holds himself or herself out:

(a)

For hire to serve as an agent for any person who has money to lend, if the loan is or will be secured by a lien on real property;

(b)

As being able to make loans secured by liens on real property; or

(c)

As being able to buy or sell notes secured by liens on real property; and

2.

Does not directly:

(a)

Take or receive an application from a borrower for a loan which will be secured by a lien on real property; or

(b)

Negotiate any terms with a borrower relating to a loan which will be secured by a lien on real property.

Source: Section 645B.01356 — “Wholesale lender” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-645B.­html#NRS645BSec01356.

645B.010
Definitions. 645B.012
“Institutional investor” defined. 645B.0102
“Applicant” defined. 645B.0104
“Clerical or ministerial tasks” defined. 645B.0105
“Commissioner” defined. 645B.0107
“Construction control” defined. 645B.0109
“Depository financial institution” defined. 645B.0111
“Division” defined. 645B.0112
“Dwelling” defined. 645B.0113
“Escrow agency” defined. 645B.0115
“Escrow agent” defined. 645B.0117
“Escrow officer” defined. 645B.0119
“Financial services license or registration” defined. 645B.0121
“Investor” defined. 645B.0123
“Licensee” defined. 645B.0124
“Loan processor” defined. 645B.0125
“Mortgage loan originator” defined. 645B.0127
“Mortgage company” defined. 645B.0128
“Nationwide Mortgage Licensing System and Registry” and “Registry” defined. 645B.0129
“Policy of title insurance” defined. 645B.0131
“Relative” defined. 645B.0132
“Residential mortgage loan” defined. 645B.0133
“Title agent” defined. 645B.0135
“Title insurer” defined. 645B.0137
Requirements for initial licensing as mortgage company or mortgage loan originator 645B.0138
Courses of continuing education 645B.0145
Statutory and common-law rights, remedies and punishments unaffected 645B.0147
Fiduciary obligation of licensee to client. 645B.01043
“Commercial mortgage loan” defined. 645B.01047
“Commercial property” defined. 645B.01125
“Employee” defined. 645B.01245
“Majority of the investors” defined. 645B.01305
“Private investor” defined. 645B.01325
“Residential mortgage loan originator” defined. 645B.01356
“Wholesale lender” defined.
Last Updated

Jun. 24, 2021

§ 645B.01356’s source at nv​.us