NRS 645F.267
Certain persons not required to register or renew with or provide reports of financial condition to Registry

  • certain persons required to comply with Secure and Fair Enforcement for Mortgage Licensing Act of 2008.

1.

A mortgage agent, mortgage banker, mortgage broker or mortgage servicer or an employee of a mortgage banker, mortgage broker or mortgage servicer is not required to register or renew with the Registry, or provide reports of financial condition to the Registry, if the mortgage agent, mortgage banker, mortgage broker or mortgage servicer or employee:

(a)

Is not a residential mortgage loan originator or the supervisor of a residential mortgage loan originator; and

(b)

Is not required to register pursuant to the provisions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008.

2.

A mortgage agent, mortgage banker, mortgage broker or mortgage servicer or an employee of a mortgage banker, mortgage broker or mortgage servicer who, pursuant to subsection 1, is not required to register or renew with the Registry and who voluntarily registers or renews with the Registry shall comply with all requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008, and any regulations adopted pursuant thereto.

3.

As used in this section, “residential mortgage loan originator” has the meaning ascribed to it in NRS 645B.01325.

Source: Section 645F.267 — Certain persons not required to register or renew with or provide reports of financial condition to Registry; certain persons required to comply with Secure and Fair Enforcement for Mortgage Licensing Act of 2008., https://www.­leg.­state.­nv.­us/NRS/NRS-645F.­html#NRS645FSec267.

645F.250
Commissioner and Division to administer chapters governing mortgage lending and related professions. 645F.255
Regulations: Generally. 645F.260
State Board of Finance to act in advisory capacity. 645F.267
Certain persons not required to register or renew with or provide reports of financial condition to Registry 645F.270
Account for Mortgage Lending: Creation 645F.275
Adoption of regulations establishing minimum net worth or surety bonding requirements for loans by residential mortgage loan originators, percentage of fees from licensing to be deposited in mortgage recovery fund and methods to make claim against fund. 645F.277
Adoption of regulations establishing guidelines and limitations for servicing or arranging certain loans. 645F.280
Adoption of regulations establishing rates paid by persons licensed by Commissioner for supervision and examination by Commissioner or Division. 645F.290
Assessments paid by persons licensed by Commissioner or Division for legal services provided by Attorney General to Commissioner and Division. 645F.291
Subpoenas 645F.292
Secure and Fair Enforcement for Mortgage Licensing Act of 2008: Adoption of regulations to comply with requirements. 645F.293
Secure and Fair Enforcement for Mortgage Licensing Act of 2008: Adoption of regulations to carry out provisions. 645F.294
Confidentiality and privilege of information and material provided to Registry: Generally 645F.295
Confidentiality and privilege of information and material provided to Registry: Commissioner authorized to enter into agreements with other entities. 645F.296
Certain residential mortgage loan originators required to obtain and maintain license as mortgage loan originator.
Last Updated

Jun. 24, 2021

§ 645F.267’s source at nv​.us