Nevada Administrative Code
Chapter 645B - Mortgage Brokers and Mortgage Agents
SUPERVISION BY COMMISSIONER
Examinations, Audits and Investigations
Section 645B.066 - Authority of examiner, auditor or investigator
Universal Citation: NV Admin Code 645B.066
Current through September 16, 2024
For the purposes of conducting an examination, investigation or periodic or special audit of a mortgage company pursuant to this chapter or chapter 645B of NRS:
1. The Commissioner or his or her designee may:
(a)
Require the mortgage company to produce, for the purposes of the examination,
audit or investigation, all documents:
(1)
Relating to business conducted by the mortgage company pursuant to this chapter
or chapter 645B of NRS;
(2)
Required to be kept by the mortgage company pursuant to any federal or state
law or regulation; or
(3) Related
to the operation of the business of the mortgage company or any affiliated
business that conducts business activities which are directly related to the
business of the mortgage company; and
(b) Inspect and copy any documents which are
in the possession, control or custody of the mortgage company and which are
related to business conducted pursuant to this chapter or chapter 645B of
NRS.
2. The Commissioner may:
(a) Employ or retain attorneys,
accountants or other professionals and specialists as examiners, auditors or
investigators to conduct or assist in the conduct of examinations, audits and
investigations;
(b) Enter into
agreements or relationships with other governmental officials and regulatory
associations to improve efficiency and reduce regulatory burden by sharing
resources, standardized or uniform methods or procedures and documents,
records, information or evidence obtained pursuant to this chapter or chapter
645B of NRS;
(c) Use, hire,
contract with or employ analytical systems, methods or software, whether
publicly or privately available, to examine or investigate the mortgage company
or other person subject to chapter 645B of NRS;
(d) Accept and rely upon reports of
examinations or investigations made by other state or federal governmental
officials; and
(e) Accept an audit
report prepared by an independent certified public accountant for the mortgage
company or other person subject to chapter 645B of NRS in the course of an
examination or investigation covering the same general subject matter as the
audit. The Commissioner will incorporate such an audit report in the report of
examination, report of investigation or other writing of the
Commissioner.
Added to NAC by Comm'r of Mortgage Lending by R087-04, eff. 8-31-2004; A by R125-16A, eff. 1/27/2017; A by R119-19A, eff. 11/9/2023
NRS 645B.060
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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