NAC645B.020. Documentation required with application for license; conditional approval; effect of failure to respond to written request for information.

     1. An applicant must submit with his or her application for a license pursuant to chapter 645B of NRS:

     (a) A copy of his or her business license, when applicable, or his or her application for such a license if he or she has not obtained one.

     (b) A copy of the certificate filed by the mortgage broker pursuant to chapter 602 of NRS indicating the fictitious name of the mortgage broker, if any.

     (c) If the applicant is a corporation, a copy of:

          (1) Its articles of incorporation and its bylaws;

          (2) Its balance sheet and a statement of the profit and loss of the corporation for the 2 years immediately preceding the year of the application; and

          (3) The most recent list of its officers and registered agent that is filed with the Secretary of State.

     (d) If the applicant is a partnership or joint venture, a copy of the agreement of partnership or joint venture and the financial statements of the general partners for the 2 years immediately preceding the year of the application.

     (e) If the applicant is a corporation being organized, a copy of its proposed articles of incorporation and its bylaws.

     (f) If the applicant is a limited-liability company, a copy of:

          (1) Its articles of organization and operating agreement;

          (2) A statement of the profit and loss of the limited-liability company for the 2 years immediately preceding the year of the application; and

          (3) The most recent list of its members or managers, and registered agent, that is filed with the Secretary of State.

     (g) Evidence that the applicant has met the requirements imposed by the S.A.F.E. Mortgage Licensing Act.

     (h) A current electronic mail address.

     2. If an applicant has received a letter of conditional approval of his or her application from the Division which imposes additional requirements that the applicant must satisfy to obtain a license, the applicant must comply with those requirements within 30 days after the date on which the letter was issued by the Division. If the applicant does not satisfy all additional requirements set forth in the letter within the period prescribed in this subsection, the conditional approval of the application will be deemed to have expired and the applicant must reapply to obtain a license. The Commissioner may, for good cause, extend the 30-day period prescribed in this subsection.

     3. An application shall be deemed abandoned if the applicant fails to respond to any written request for information by the Division within 30 days after the date of the request.

     [Comm’r of Savings Associations, Mortgage Reg. § 2, eff. 6-29-82]—(NAC A by Comm’r of Financial Institutions by R045-00, 9-5-2000; A by Comm’r of Mortgage Lending by R087-04, 8-31-2004; R058-08, 4-23-2009; R035-10, 7-22-2010)