Nevada Administrative Code
Chapter 675 - Installment Loans
Section 675.065 - Conduct of business with a licensed mortgage banker
Universal Citation: NV Admin Code 675.065
Current through February 27, 2024
1. A licensee may conduct business in the same office or place of business with a licensed mortgage banker if:
(a) The licensee and the mortgage banker maintain separate licenses;
(b) Each company is operated as a separate legal entity;
(c) The books, records and accounts of each company are kept and maintained separately;
(d) The licensee and the mortgage banker are subsidiaries of the same parent corporation or otherwise have the same ownership; and
(e) The mortgage banker does not maintain trust accounts as those described in NRS 645B.175.
2. Each application for approval to conduct business pursuant to subsection 1 must be written and on a form prescribed by the Commissioner of Financial Institutions.
Added to NAC by Admstr. of Financial Institutions, eff. 5-1-86; A by Comm'r of Financial Institutions, eff. 3-30-94
NRS 675.170, 675.230
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
