There is a newer version of the Nevada Revised Statutes
2010 Nevada Code
TITLE 54 PROFESSIONS, OCCUPATIONS AND BUSINESSES
Chapter 645E Mortgage Bankers
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GENERAL PROVISIONS
- NRS 645E.010 Definitions.
- NRS 645E.020 "Applicant" defined.
- NRS 645E.030 "Commercial mortgage loan" defined.
- NRS 645E.040 "Commercial property" defined.
- NRS 645E.050 "Commissioner" defined.
- NRS 645E.060 "Depository financial institution" defined.
- NRS 645E.070 "Division" defined.
- NRS 645E.080 "Institutional investor" defined.
- NRS 645E.090 "Licensee" defined.
- NRS 645E.100 "Mortgage banker" defined.
- NRS 645E.130 Statutory and common-law rights, remedies and punishments unaffected; limitation on actions against State and its officers and employees. EXEMPTIONS
- NRS 645E.150 Exemptions for certain persons and entities.
- NRS 645E.160 Certificate of exemption required for certain persons and entities; application; fee; automatic expiration; prohibitions; administrative fines.
- NRS 645E.170 Exemptions for certain loans; application; grounds for granting exemption; powers and duties of Commissioner. LICENSING OF MORTGAGE BANKERS
- NRS 645E.200 Application for license; application for branch offices; requirements for issuance of license; grounds for denial of license to partnership, corporation or unincorporated association; license for office outside Nevada which conducts business in Nevada.
- NRS 645E.210 Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective until the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
- NRS 645E.210 Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings and expires by limitation 2 years after that date.]
- NRS 645E.220 Posting of license; restrictions on transfer or assignment of license.
- NRS 645E.230 Activities authorized by license; dual licensure as mortgage banker and mortgage broker. EXPIRATION AND RENEWAL OF MORTGAGE BANKER'S LICENSE OR CERTIFICATE OF EXEMPTION; FEES
- NRS 645E.280 Annual expiration of license or certificate of exemption; procedure for renewal; fees. LICENSING AS AND SUPERVISION OF MORTGAGE AGENTS
- NRS 645E.290 Licensure as mortgage agent required for certain persons who engage in activities as residential mortgage loan originator or who supervise mortgage agents who engage in such activities.
- NRS 645E.291 Supervision of mortgage agents by mortgage banker; requirements; regulations.
- NRS 645E.292 Duties of mortgage banker upon termination of mortgage agent. SUPERVISION BY COMMISSIONER General Provisions
- NRS 645E.300 Duties of Commissioner: Regulations; investigations; annual examinations; periodic and special audits; hearings; related fees; biennial examinations.
- NRS 645E.310 Subpoenas; oaths; examination of witnesses; penalty; assessment of costs.
- NRS 645E.315 Written notice of address change; approval by Commissioner; administrative fine.
- NRS 645E.320 Payment of statutory assessment by mortgage banker; duty of mortgage banker to cooperate fully with audits and examinations. Records and Financial Statements
- NRS 645E.350 Records relating to mortgage transactions, financial condition and trust accounts; monthly report to Commissioner; accounting procedures for trust accounts; regulations; records of licensee who operates outside Nevada.
- NRS 645E.360 Annual financial statement; audit of trust accounts; regulations.
- NRS 645E.370 Records of Commissioner: General provisions governing public inspection and confidentiality.
- NRS 645E.375 Records of Commissioner: Certain records relating to investigation deemed confidential; certain records relating to disciplinary action deemed public records. Transfer of Stock
- NRS 645E.390 Notification of certain transfers required; application to Commissioner for approval of change of control; investigation; waiver. ESCROW AND TRUST ACCOUNTS
- NRS 645E.420 Escrow account required for fee, salary, deposit or money paid in advance; release from escrow; exceptions; refunds; penalty.
- NRS 645E.430 Trust account required for money deposited to pay taxes or insurance premiums; fiduciary duty of mortgage banker; accounting to debtor and Commissioner; additional duties and prohibitions.
- NRS 645E.440 Limitations on execution or attachment of money in trust account; commingling of money prohibited. LOAN PAYMENTS
- NRS 645E.470 Limitations on charging late fee, additional amount of interest or other penalty. INVESTIGATION OF VIOLATIONS AND UNSAFE PRACTICES; REMEDIAL ACTION
- NRS 645E.620 Authority of Commissioner when violation is suspected; referral of violations to district attorney for criminal prosecution; civil action for injunctive relief.
- NRS 645E.630 Authority of Commissioner when unsafe condition or practice is suspected; seizure of property and assets of mortgage banker; duties of Attorney General.
- NRS 645E.640 Persons entitled to correct unsafe conditions and practices; effect of failure to correct; receivership and liquidation of assets. DISCIPLINARY ACTION
- NRS 645E.670 Authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records.
- NRS 645E.680 Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until 2 years after the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
- NRS 645E.690 Duty of Commissioner to take disciplinary action for certain violations.
- NRS 645E.700 Disciplinary proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license.
- NRS 645E.710 Act or omission of partner, officer or director deemed act or omission of partnership, corporation or unincorporated association. HEARINGS; APPEALS
- NRS 645E.750 Duty of Commissioner to provide written notice of disciplinary action or denial of license; right to administrative hearing; entry of final order; appeals. MISCELLANEOUS PROVISIONS
- NRS 645E.800 Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction. UNLAWFUL ACTS; PENALTIES
- NRS 645E.900 Unlawful to conduct business of mortgage banker without being licensed or exempt from licensing.
- NRS 645E.910 Unlawful for foreign corporation, association or business trust to conduct business of mortgage banker without meeting certain requirements.
- NRS 645E.920 Contracts for mortgage transaction voidable for certain violations.
- NRS 645E.930 Civil action authorized for certain violations.
- NRS 645E.950 Penalties for general violations.
- NRS 645E.955 Restitution.
- NRS 645E.960 Penalties for violations relating to escrow or trust accounts.
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