NRS 645B.357
Restriction on collection of fees by mortgage company

  • application of fees.

1.

A mortgage broker shall not assess or collect any fee which is not:

(a)

Authorized by the loan documents or loan servicing agreement; and

(b)

Assessed or collected in exchange for bona fide services rendered or costs incurred.

2.

A mortgage broker shall apply all fees collected in the manner set forth in the loan documents or loan servicing agreement.

Source: Section 645B.357 — Restriction on collection of fees by mortgage company; application of fees., https://www.­leg.­state.­nv.­us/NRS/NRS-645B.­html#NRS645BSec357 (accessed May 26, 2025).

May 26, 2025

§ 645B.357. Restriction on collection of fees by mortgage company's source at nv​.us