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.105. “Nationwide Mortgage Licensing System and Registry” and “Registry” 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; certificate of exemption for purposes of complying with requirements of Registry; applicability of chapter to persons filing application for purpose of complying with requirements of Registry.

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 42 U.S.C. § 666, 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 42 U.S.C. § 666, 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 loan originator or who supervise mortgage agents who engage in such activities.

NRS 645E.291. Supervision of mortgage agents by mortgage banker; requirements; regulations.

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; mortgage bankers required to submit reports to Registry.

NRS 645E.360. Annual financial statement; audit of trust accounts; Commissioner authorized to direct submission of financial statement; 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; disclosure by Commissioner.

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 42 U.S.C. § 666, 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.