NRS 645F.365
“Loan modification consultant” defined.

“Loan modification consultant” means a person who, directly or indirectly, makes any solicitation, representation or offer to a homeowner to perform for compensation, or who, for compensation, performs any act that the person represents will adjust the terms of a mortgage loan in a manner not provided for in the original or previously modified mortgage loan. Such an adjustment includes, without limitation:

1.

A change in the payment amount;

2.

A change in the loan amount;

3.

A loan forbearance;

4.

A change in the loan maturity; and

5.

A change in the interest rate.

Source: Section 645F.365 — “Loan modification consultant” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-645F.­html#NRS645FSec365.

Last Updated

Jun. 24, 2021

§ 645F.365’s source at nv​.us