NRS 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.

The Commissioner shall adopt regulations:

1.

Establishing minimum net worth or surety bonding requirements that reflect the dollar amount of loans originated by a residential mortgage loan originator, as defined in NRS 645B.01325; or

2.

Requiring a percentage of the fees collected for the issuance or renewal of a license pursuant to chapter 645B or 645E of NRS to be deposited in a mortgage recovery fund, and setting forth the methods by which a person may make a claim against and be paid from the fund.

Source: Section 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., https://www.­leg.­state.­nv.­us/NRS/NRS-645F.­html#NRS645FSec275.

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

Feb. 5, 2021

§ 645F.275’s source at nv​.us