NRS 645B.085
Annual financial statement

  • audit of trust accounts
  • regulations.

1.

Except as otherwise provided in this section, not later than 90 days after the last day of each fiscal year for a mortgage broker, the mortgage broker 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 broker 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certified public accountant who holds a license to practice in this State or in any other state that has not been revoked or suspended.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 broker requests such an extension before the date on which the financial statement is due.

3.

If a mortgage broker maintains any accounts described in subsection 1 of NRS 645B.175, the financial statement submitted pursuant to this section must be audited. If a mortgage broker maintains any accounts described in subsection 1 or 4 of NRS 645B.175, those accounts must be audited.

4.

The Commissioner shall adopt regulations prescribing the scope of an audit conducted pursuant to subsection 3.

Source: Section 645B.085 — Annual financial statement; audit of trust accounts; regulations., https://www.­leg.­state.­nv.­us/NRS/NRS-645B.­html#NRS645BSec085.

Last Updated

Feb. 5, 2021

§ 645B.085’s source at nv​.us