Nev. Admin. Code § 645F.320 - Prohibited acts; restriction on employment and other association of associated licensee

1. An independent licensee shall not:

(a) Employ or otherwise associate with a person as a covered service provider, foreclosure consultant or loan modification consultant if that other person is not licensed with the Commissioner pursuant to the Nevada Covered Service Provider Regulations and chapter 645F of NRS; or

(b) Authorize a person to be employed by or otherwise associated with the independent licensee as a covered service provider, foreclosure consultant or loan modification consultant if that other person is not licensed with the Commissioner pursuant to the Nevada Covered Service Provider Regulations and chapter 645F of NRS.

2. An associated licensee shall not:

(a) Employ another licensee;

(b) Have another licensee as an independent contractor for the associated licensee;

(c) Be an employee of or an independent contractor for another associated licensee; or

(d) Be an employee of or an independent contractor for more than one independent licensee at the same time.

3. An associated licensee may be employed by or otherwise associated with an independent licensee at only one licensed office location of the independent licensee.

Notes

Nev. Admin. Code § 645F.320

; A by R120-15, effective upon the later of 1/1/2016 or the date this regulation is filed with the Secretary of State.Added to NAC by Comm'r of Mortgage Lending by R052-09, eff. 8-25-2009

NRS 645F.390