NRS645F.267. Certain persons not required to register with Registry; certain persons required to comply with Secure and Fair Enforcement for Mortgage Licensing Act of 2008.

      1.  A mortgage agent, mortgage banker or mortgage broker or an employee of a mortgage banker or mortgage broker is not required to register or renew with the Registry, or provide reports of financial condition to the Registry, if the mortgage agent, mortgage banker, mortgage broker or employee:

      (a) Is not a residential mortgage loan originator or the supervisor of a residential mortgage loan originator; and

      (b) Is not required to register pursuant to the provisions of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008.

      2.  A mortgage agent, mortgage banker or mortgage broker or an employee of a mortgage banker or mortgage broker who, pursuant to subsection 1, is not required to register or renew with the Registry and who voluntarily registers or renews with the Registry shall comply with all requirements of the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008, and any regulations adopted pursuant thereto.

      3.  As used in this section, “residential mortgage loan originator” has the meaning ascribed to it in NRS 645B.01325.

      (Added to NRS by 2011, 1394)