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Nevada Administrative Code (Last Updated: January 6, 2015) |
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Chapter645B Mortgage Brokers and Mortgage Agents |
| GENERAL PROVISIONS |
| NAC 645B.001. Definitions. |
| NAC 645B.002. “Affiliated business” defined. |
| NAC 645B.0025. “Approved course” defined. |
| NAC 645B.003. “Loan processor or underwriter” defined. |
| NAC 645B.004. “Major violation” defined. |
| NAC 645B.006. “Minor violation” defined. |
| NAC 645B.0065. “Nontraditional mortgage product” defined. |
| NAC 645B.007. “Provider” defined. |
| NAC 645B.008. “Qualified employee” defined. |
| NAC 645B.0082. “S.A.F.E. Mortgage Licensing Act” defined. |
| NAC 645B.0084. “Unique identifier” defined. |
| NAC 645B.0086. “Insolvent” interpreted. |
| NAC 645B.0087. “Mobile home” interpreted. |
| NAC 645B.009. Deposits, disclosures and appraisals: Interpretation of certain statutory terms. |
| NAC 645B.011. Qualifications of applicant for licensure: Compliance with federal and state law; licensure through Registry. |
| NAC 645B.0115. Change of electronic mail address. |
| LICENSING AND OPERATION OF MORTGAGE BROKERS |
| NAC 645B.016. Qualifications of applicant: Required experience. |
| NAC 645B.0165. Qualifications of applicant: Requirements for licensure pursuant to NRS 645B.020. |
| NAC 645B.017. Activity not constituting services as mortgage broker. |
| NAC 645B.020. Documentation required with application for license; conditional approval; effect of failure to respond to written request for information. |
| NAC 645B.031. Corporate office: Filing of application with Office of Commissioner to fulfill requirements of S.A.F.E. Mortgage Licensing Act. |
| NAC 645B.032. Sharing office space with another business. |
| NAC 645B.035. Use of fictitious name. |
| NAC 645B.037. Use of same name, confusingly similar name or name not approved by Division. |
| NAC 645B.038. Insider loans: Limitations and conditions. |
| EXEMPTIONS |
| NAC 645B.043. Application for certificate of exemption for purpose of fulfilling requirements of S.A.F.E. Mortgage Licensing Act. |
| NAC 645B.044. Provision of certain information to Commissioner by regulating entity or agency. |
| NAC 645B.045. Unexpired certificate of exemption. |
| SUPERVISION BY COMMISSIONER |
| General Provisions |
| Examinations, Audits and Investigations |
| Records and Reports |
| Net Worth |
| ESCROW AND TRUST ACCOUNTS |
| NAC 645B.150. Money received to acquire loans: Required statements and ledgers. |
| NAC 645B.160. Money received to repay loans: Required statements and records. |
| NAC 645B.165. Money received to acquire or repay loans: Required financial statements. |
| NAC 645B.170. Money received to acquire or repay loans: Period for retention of records. |
| DISCLOSURES AND ADVERTISING |
| NAC 645B.210. Disclosure of involvement. |
| NAC 645B.215. Disclosures to purchaser of note secured by deed of trust; retention of documents. |
| NAC 645B.220. Disclosure form. |
| NAC 645B.230. Provision to Division of financial statement for investors. |
| NAC 645B.235. Disclosures to borrowers by certain persons acting in dual capacity. |
| NAC 645B.240. Representation of activity as licensed; advertisements; disclosure to investors; Internet links. |
| CONDITIONS AND LIMITATIONS ON CERTAIN MORTGAGE TRANSACTIONS |
| NAC 645B.250. Prohibition against acting as trustee or substitute trustee under certain circumstances; exception. |
| NAC 645B.255. Minimum financial requirement for certain investors. |
| NAC 645B.260. Decisions regarding investments. |
| NAC 645B.270. Standards for appraisals. |
| NAC 645B.280. Power of attorney: Submission to and action by Commissioner; maintenance of written communications; extension of term; inclusion of date of approval. |
| NAC 645B.290. Power of attorney: Form. |
| LICENSING AND REGULATION OF MORTGAGE AGENTS |
| NAC 645B.305. Qualifications of applicant: Requirements for licensure pursuant to NRS 645B.410. |
| NAC 645B.310. Determination by Commissioner of adequate supervision of mortgage agent by mortgage broker. |
| NAC 645B.315. Exemption from licensing requirements for certain loan processors and underwriters. |
| NAC 645B.317. Requirements for reinstatement of license. |
| EDUCATIONAL REQUIREMENTS FOR LICENSURE |
| NAC 645B.360. Designation of Registry to certify approved courses. |
| NAC 645B.363. Course material for initial licensure and continuing education: Approved subjects. |
| NAC 645B.367. Requirements for initial licensure. |
| NAC 645B.370. Qualified written test required for initial licensure. |
| NAC 645B.373. Requirements for continuing education. |
| RESIDENTIAL MORTGAGE LOANS |
| NAC 645B.400. “Residential mortgage loan originator” interpreted. |
| NAC 645B.405. Unique identifier. |
| NAC 645B.410. Prohibited acts of independent contractor not licensed as mortgage agent. |
| ENFORCEMENT |
| NAC 645B.500. Complaint alleging violation. |
| NAC 645B.505. Referral of certain suspected violations for investigation and action; grounds for disciplinary action. |
| NAC 645B.510. Reporting of violations to Registry; procedure for challenging report. |
| NAC 645B.515. Orders to cease and desist from certain activities. |
| NAC 645B.520. Suspension or revocation of license for major violation. |
| NAC 645B.525. Hearings: Coordination and notice of time and location. |
| NAC 645B.530. Hearings: Continuances. |
| NAC 645B.535. Hearings: Representation of respondent. |
| NAC 645B.540. Hearings: Disclosure of exhibits and list of witnesses; limitations on discovery. |
| NAC 645B.545. Hearings: Motions. |
| NAC 645B.550. Hearings: Procedure. |
| NAC 645B.555. Hearings: Burden and standard of proof. |
| NAC 645B.560. Hearings: Rules of evidence; informality of proceedings. |
| NAC 645B.565. Hearings: Decision of hearing officer. |
| NAC 645B.570. Posthearing motions. |
| NAC 645B.575. Informal disposition of contested cases; consent and settlement agreements. |
| NAC 645B.580. Immunity from civil liability. |