NRS 645B.305
Requirement that loan include disclosure concerning fees.


A mortgage broker shall ensure that each loan secured by a lien on real property for which he or she engages in activity as a mortgage broker includes a disclosure:

1.

Describing, in a specific dollar amount, all fees earned by the mortgage broker;

2.

Explaining which party is responsible for the payment of the fees described in subsection 1; and

3.

Explaining the probable impact the fees described in subsection 1 may have on the terms of the loan, including, without limitation, the interest rates.

Source: Section 645B.305 — Requirement that loan include disclosure concerning fees., https://www.­leg.­state.­nv.­us/NRS/NRS-645B.­html#NRS645BSec305.

Last Updated

Feb. 5, 2021

§ 645B.305’s source at nv​.us