NAC645A.075. Requirements for continuing education.

     1. A person licensed as an escrow agent shall complete, during the 12 months immediately preceding the date on which the license expires, at least 10 hours of instruction in approved courses of continuing education.

     2. An approved course of continuing education must focus on the practical application of an escrow transaction.

     3. The Commissioner will consider the appropriateness of alternative subject material for specialized areas of practice.

     4. Of the hours of instruction required by subsection 1, a person licensed as an escrow agent must complete:

     (a) Two hours of professional ethics, which must include instruction on fraud and consumer protection;

     (b) Two hours of federal law and regulations as described in subsection 1 of NAC 645A.080;

     (c) Two hours of Nevada law and regulations relating to this chapter and chapter 645A of NRS or other Nevada laws and regulations relating to mortgages; and

     (d) Four hours of electives, which may include instruction appropriate to a specialized area of practice.

     (Added to NAC by Comm’r of Mortgage Lending by R143-08, 4-20-2010, eff. 1-1-2011)