NAC645F.310. Independent licensee which is not natural person: Restrictions on employment and other association.  


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  • An independent licensee which is not a natural person:

         1. 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.

         2. 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)