NRS 645B.093
Commingling certain money prohibited.

1.

A mortgage broker who is a broker-dealer or a sales representative licensed pursuant to NRS 90.310 or who is exempt from licensure pursuant to NRS 90.320:

(a)

Shall not commingle money received for mortgage transactions and money received for securities transactions; and

(b)

Shall ensure that all money received for mortgage transactions is accounted for separately from all money received for securities transactions.

2.

A mortgage broker who is an investment adviser or a representative of an investment adviser licensed pursuant to NRS 90.330 or exempt from licensure pursuant to NRS 90.340:

(a)

Shall not commingle money received for mortgage transactions and money received for securities transactions; and

(b)

Shall ensure that all money received for mortgage transactions is accounted for separately from all money received for securities transactions.

Source: Section 645B.093 — Commingling certain money prohibited., https://www.­leg.­state.­nv.­us/NRS/NRS-645B.­html#NRS645BSec093.

Last Updated

Feb. 5, 2021

§ 645B.093’s source at nv​.us