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

NAC645E.270. Activity not constituting services as mortgage banker.

Latest version.

A person does not hold himself or herself out as being able to perform the services described in NRS 645E.100 if the person:

     1. Is in compliance with the S.A.F.E. Mortgage Licensing Act and any regulation adopted pursuant thereto; and

     2. Only offers to provide money to invest in loans secured by an interest in real property to:

     (a) A mortgage banker licensed pursuant to chapter 645E of NRS; or

     (b) A person exempt from the provisions of chapter 645E of NRS.

(Added to NAC by Comm’r of Financial Institutions by R046-00, eff. 9-5-2000; A by Comm’r of Mortgage Lending by R088-04, 8-25-2004; R038-10, 7-22-2010)

                    
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