Nev. Admin. Code § 645B.017 - Activity not constituting services as mortgage broker

A person does not hold himself or herself out as being able to perform the services described in NRS 645B.0127 if the person:

1. Is in compliance with the S.A.F.E. Mortgage Licensing Act and any regulations adopted pursuant thereto; and
2. Only offers to provide money in the secondary mortgage market to acquire or invest in loans secured by an interest in real property to:
(a) A mortgage company licensed pursuant to chapter 645B of NRS; or
(b) A person exempt from the provisions of chapter 645B of NRS.

Notes

Nev. Admin. Code § 645B.017
Added to NAC by Comm'r of Financial Institutions by R045-00, eff. 9-5-2000; A by Comm'r of Mortgage Lending by R035-10, 7-22-2010; A by R125-16A, eff. 1/27/2017; A by R119-19A, eff. 11/9/2023

NRS 645B.060

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