Nev. Admin. Code § 645B.305 - Qualifications of applicant: Requirements for licensure pursuant to NRS 645B.410
1. Pursuant to
subsection 3 of NRS 645B.410, the Commissioner is not required to and will not
issue a license as a mortgage loan originator unless the requirements of that
subsection have been fulfilled.
2.
For the purposes of subparagraph (1) of paragraph (b) of subsection 3 of NRS 645B.410, a person shall not be considered to have been convicted or entered a
plea of guilty or nolo contendere if the conviction or plea has been pardoned
or vacated.
3. For the purposes of
subparagraph (2) of paragraph (b) of subsection 3 of NRS 645B.410, a license
shall not be considered to be revoked or suspended if the revocation or
suspension was subsequently vacated.
4. For the purposes of subparagraph (5) of
paragraph (b) of subsection 3 of NRS 645B.410, a person has not demonstrated
financial responsibility if the person's personal credit history indicates any
lien, judgment or disciplinary action which results from fraud,
misrepresentation, dishonest business practices or the mishandling of trust
funds.
Notes
NRS 645B.060
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