Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter645F Mortgage Lending and Related Professions |
STANDARDS OF PRACTICE |
NAC645F.660. Prohibition against guarantee or warranty.
Latest version.
- A licensee shall not:
1. In any advertisement; or
2. Before, during or after solicitation or receipt of money from a homeowner,
Ê make, or cause or encourage to be made, any explicit or implicit statement, representation or promise, oral or written, which a reasonable person would construe as a guarantee or warranty that the homeowner will be successful in obtaining a loan modification or that the homeowner will be able to successfully avoid or stop foreclosure.
(Added to NAC by Comm’r of Mortgage Lending by R052-09, eff. 8-25-2009)