NRS 645F.310
“Covered service” defined.


“Covered service” includes, without limitation:

1.

Financial counseling to a homeowner, including, without limitation, debt counseling and budget counseling.

2.

Receiving money for the purpose of distributing it to creditors in payment or partial payment of any obligation secured by a mortgage or other lien on a residence in foreclosure.

3.

Contacting a creditor on behalf of a homeowner.

4.

Arranging or attempting to arrange for an extension of the period within which a homeowner may cure a default and reinstate an obligation pursuant to a note, mortgage or deed of trust.

5.

Arranging or attempting to arrange for any delay or postponement of the time of a foreclosure sale of a residence in foreclosure.

6.

Advising a homeowner regarding the filing of any document or assisting in any manner in the preparation of any document for filing with a bankruptcy court.

7.

Giving any advice, explanation or instruction to a homeowner which in any manner relates to the cure of a default in or the reinstatement of an obligation secured by a mortgage or other lien on a residence, the full satisfaction of the obligation, or the postponement or avoidance of a foreclosure sale.

8.

Arranging or conducting, or attempting to arrange or conduct, for a homeowner any forensic loan audit or review or other audit or review of loan documents.

9.

Arranging or attempting to arrange for a homeowner the purchase by a third party of the homeowner’s mortgage loan.

10.

Arranging or attempting to arrange for a homeowner a reduction of the principal of the homeowner’s mortgage loan when such a mortgage loan is held by or serviced by a third party.

11.

Providing the services of a loan modification consultant.

12.

Providing the services of a foreclosure consultant.

Source: Section 645F.310 — “Covered service” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-645F.­html#NRS645FSec310.

Last Updated

Jun. 24, 2021

§ 645F.310’s source at nv​.us