NRS 645B.310
Requirements for mortgage company to assign interest in loan.


A mortgage broker shall not assign all or a part of his or her interest in a loan secured by a lien on real property, unless the mortgage broker:

1.

Obtains a policy of title insurance for the real property;

2.

Obtains the approval of the assignment from each investor who has acquired ownership of or a beneficial interest in the loan if, at the time of the assignment, the debtor on the loan has defaulted in making a payment required for the loan or any portion of the loan; and

3.

Records the assignment in the office of the county recorder of the county in which the real property is located.

Source: Section 645B.310 — Requirements for mortgage company to assign interest in loan., https://www.­leg.­state.­nv.­us/NRS/NRS-645B.­html#NRS645BSec310.

Last Updated

Feb. 5, 2021

§ 645B.310’s source at nv​.us