NAC645B.410. Prohibited acts of independent contractor not licensed as mortgage agent.


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  • Unless otherwise specifically prohibited by federal law and pursuant to section 1504(b)(2) of the S.A.F.E. Mortgage Licensing Act, an independent contractor may not engage in the activities of a residential mortgage loan originator as a loan processor or underwriter unless such independent contractor is licensed as a mortgage agent.

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