NRS 645F.405
Foreclosure consultants, loan modification consultants and persons performing covered services for compensation prohibited from claiming or receiving compensation before homeowner executes written agreement.

A person who performs any covered service for compensation, a foreclosure consultant and a loan modification consultant shall not claim, demand, charge, collect or receive any compensation before a homeowner has executed a written agreement with the lender or servicer incorporating the offer of mortgage assistance obtained from the lender or servicer by the person who performs any covered service for compensation, the foreclosure consultant or the loan modification consultant.

Source: Section 645F.405 — Foreclosure consultants, loan modification consultants and persons performing covered services for compensation prohibited from claiming or receiving compensation before homeowner executes written agreement., https://www.leg.state.nv.us/NRS/NRS-645F.html#NRS645FSec405.

645F.400
Persons performing covered services for compensation: Prohibited acts 645F.405
Foreclosure consultants, loan modification consultants and persons performing covered services for compensation prohibited from claiming or receiving compensation before homeowner executes written agreement. 645F.410
Administrative penalties for violation of chapter, regulation or other applicable law 645F.420
Homeowner may bring action to recover damages. 645F.430
Foreclosure purchasers: Criminal penalty for fraud or deceit against homeowner. 645F.440
Foreclosure purchasers: Transaction rescinded due to fraud or deceit upon homeowner. 645F.445
Person with knowledge of violation prohibited from providing assistance or support to violating foreclosure consultant, loan modification consultant or person performing covered service for compensation. 645F.450
Cumulative nature of rights, remedies and penalties.

Last Updated

Feb. 5, 2021

§ 645F.405’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_645f.405

Original Source: Section 645F.405 — Foreclosure consultants, loan modification consultants and persons performing covered services for compensation prohibited from claiming or receiving compensation before homeowner executes written agreement., https://www.leg.state.nv.us/NRS/NRS-645F.html#NRS645FSec405 (last accessed Feb. 5, 2021).

NRS 645F.405 Foreclosure consultants, loan modification consultants and persons performing covered services for compensation prohibited from claiming or receiving compensation before homeowner executes written agreement.

NRS 645F.405
Foreclosure consultants, loan modification consultants and persons performing covered services for compensation prohibited from claiming or receiving compensation before homeowner executes written agreement.