NAC645A.135. Instructors: Requirements for and restrictions on approval; periodic review and evaluation; credit for continuing education.

     1. An instructor must have written approval from the Commissioner before teaching an approved course. No retroactive approval for instructors will be granted.

     2. An applicant for approval as an instructor must apply on a form prescribed by the Commissioner.

     3. The Commissioner will not approve a person as an instructor if the person:

     (a) Has been disciplined by the Commissioner:

          (1) Within the immediately preceding 5 years; or

          (2) More than one time; or

     (b) Has been determined in an administrative or judicial proceeding to have violated any statute, rule, regulation or order pertaining to mortgage lending or real estate or the practice of covered service providers, foreclosure consultants, loan modification consultants or escrow agents in this State or any other state.

     4. A person may be approved as an instructor to teach an approved course relating to his or her principal occupation if the person:

     (a) Has:

          (1) A bachelor’s degree or a more advanced degree, plus at least 2 years of full-time experience in the field in which the person will be providing instruction;

          (2) Teaching experience of at least 75 hours in the field in which the person will be providing instruction within the 3 years immediately preceding the date of the application for approval plus at least 3 years of full-time experience in that field;

          (3) At least 6 years of full-time experience in the field, or a closely related field, in which the person will be providing instruction; or

          (4) Any combination of at least 6 years of college-level course work and full-time experience in the field in which the person will be providing instruction;

     (b) Has a good reputation for honesty, integrity and trustworthiness; and

     (c) Submits to the Commissioner satisfactory documentation of the person’s qualifications and a resume outlining the person’s experience, education and teaching experience in the field in which the person will be providing instruction.

     5. The Commissioner will periodically review and evaluate each approved instructor.

     6. An approved instructor who is also licensed as an escrow agent may receive credit for the instructor’s own annual continuing education requirement at the rate of 2 hours of credit for every 1 hour taught.

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