Nevada Administrative Code (Last Updated: January 6, 2015)

NAC645E.090. Provision of certain information to Commissioner by regulating entity or agency.

Latest version.

     1. In addition to the requirements of subsection 1 of NRS 645E.160, a person who claims an exemption from the provisions of chapter 645E of NRS pursuant to subsection 1 of NRS 645E.150 must ensure that the entity or agency which regulates the conduct of the person’s business provides to the Commissioner written notification that:

     (a) The license of the person provides the right to make mortgage loans;

     (b) The entity or agency will investigate complaints arising from or relating to consumers in this State; and

     (c) If the person conducts activity as a residential mortgage loan originator, the person is in compliance with the requirements of the S.A.F.E. Mortgage Licensing Act and any regulation adopted pursuant thereto.

     2. As used in this section, “residential mortgage loan originator” has the meaning ascribed to it in NRS 645B.01325.

(Added to NAC by Comm’r of Mortgage Lending by R038-10, eff. 7-22-2010)

                    
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