NAC645B.011. Qualifications of applicant for licensure: Compliance with federal and state law; licensure through Registry.

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Each applicant for a license issued pursuant to chapter 645B of NRS:

     1. Shall comply with any applicable federal or state law or regulation, including, without limitation:

     (a) The provisions of the S.A.F.E. Mortgage Licensing Act and any regulation adopted pursuant thereto; and

     (b) Any applicable requirement pursuant to chapter 645B, 645E or 645F of NRS or any regulation adopted pursuant thereto, including, without limitation, any applicable requirement relating to:

          (1) A bond; or

          (2) A license for a loan processor or underwriter who is an independent contractor; and

     2. Must be licensed with the Division through the Registry.

(Added to NAC by Comm’r of Mortgage Lending by R035-10, eff. 7-22-2010)

                    
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