Nevada Administrative Code
Chapter 645B - Mortgage Brokers and Mortgage Agents
ESCROW AND TRUST ACCOUNTS
Section 645B.165 - Money received to acquire or repay loans: Required financial statements

1. A licensed mortgage company maintaining any accounts described in subsection 1 or 4 of NRS 645B.175 shall, not later than 120 days after the end of the fiscal year for the mortgage company, provide to the Commissioner an annual financial statement of the account or accounts, which has been:

2. A financial statement of the account or accounts required pursuant to this section must include, if applicable:

3. The Commissioner will make available an approved format and sample content for the statements required pursuant to this section. Mortgage companies shall submit the statements in substantially the same format as the approved forms.

4. In addition to the annual financial statement of the account or accounts required pursuant to subsection 1, not later than 60 days after the last day of each fiscal year for a mortgage company, and every 6 months thereafter, the mortgage company shall submit to the Commissioner an unaudited financial statement of the account or accounts. The financial statement required pursuant to this subsection may be self-prepared.

5. Except as otherwise provided in this subsection, the Commissioner may grant a reasonable extension, not to exceed 30 days, for the submission of a financial statement of the account or accounts pursuant to this section if a mortgage company requests such an extension in writing before the date on which the financial statement is due. Upon written request, the Commissioner may, for good cause, grant in writing an additional extension, not to exceed 30 days, of the period for the submission of a financial statement.