NRS 645B.250
Prohibition on advancing payments to investor on behalf of debtor in default

  • exceptions.
Except pursuant to a contract for the collection or servicing of a loan which is governed by the requirements established by the Government National Mortgage Association, Federal Home Loan Mortgage Corporation or Federal National Mortgage Association, a mortgage broker or mortgage agent shall not advance payments to an investor on behalf of a person who has obtained a loan secured by a lien on real property and who has defaulted in his or her payments.

Source: Section 645B.250 — Prohibition on advancing payments to investor on behalf of debtor in default; exceptions., https://www.­leg.­state.­nv.­us/NRS/NRS-645B.­html#NRS645BSec250.

Last Updated

Feb. 5, 2021

§ 645B.250’s source at nv​.us