NAC645A.080. Course material for initial licensure and continuing education: Approved subjects.

The following subjects are approved as course material for initial licensure and continuing education:

     1. Federal laws and regulations relating to escrow activities, including, without limitation:

     (a) The Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801 et seq.;

     (b) The Privacy Act of 1974, 5 U.S.C. § 552a;

     (c) The USA PATRIOT Act, Public Law 107-56;

     (d) The Real Estate Settlement Procedures Act, 12 U.S.C. §§ 2601 et seq., and Regulation X, 24 C.F.R. Part 3500; and

     (e) The Truth in Lending Act, 15 U.S.C. §§ 1601 et seq., including, without limitation:

          (1) The Home Ownership and Equity Protection Act of 1994, 15 U.S.C. § 1639; and

          (2) Regulation Z, 12 C.F.R. Part 226.

     2. The provisions of Nevada state laws and regulations relating to mortgage lending or the activities of covered service providers, foreclosure consultants and loan modification consultants.

     3. The provisions of Nevada state laws and regulations relating to escrow activities, including, without limitation:

     (a) This chapter or chapter 645A of NRS governing escrow agencies and escrow agents;

     (b) Chapter 598D of NRS governing unfair lending practices;

     (c) Chapter 692A of NRS governing title insurance;

     (d) Chapter 106 of NRS governing real mortgages;

     (e) Chapter 107 of NRS governing deeds of trust; and

     (f) Chapters 111, 112 and 113 of NRS and any other applicable laws governing contracts or agency.

     4. Practicable application, practices and information relating to the escrow or title industries.

     5. Ethics and deceptive trade practices.

     6. Any other subject approved by the Division.

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