NAC645F.305. Independent licensee who is natural person: Required experience; restrictions on employment and other association.

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An independent licensee who is a natural person:

     1. Must have at least 2 years of verifiable experience working in the real estate, mortgage, foreclosure or loan modification industries or applicable financial or legal fields.

     2. If the independent licensee is a loan modification consultant, shall not employ or otherwise associate with an associated licensee who is licensed as a covered service provider or a foreclosure consultant.

     3. If the independent licensee is a foreclosure consultant, shall not employ or otherwise associate with an associated licensee who is licensed as a covered service provider.

(Added to NAC by Comm’r of Mortgage Lending by R052-09, eff. 8-25-2009)

                    
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