Nev. Admin. Code § 645F.939 - "Mortgage loan" defined

1. "Mortgage loan" includes, without limitation:
(a) Any loan that is secured by a mortgage, deed of trust or other consensual security interest on a dwelling located in this State or real property located in this State upon which is constructed or intended to be constructed a dwelling; or
(b) Any loan made or arranged by a mortgage company under chapter 645B of NRS that is secured by a mortgage, deed of trust or other consensual security interest on commercial property located in this State that is funded by one or more private investors.
2. As used in this section:
(a) "Commercial property" has the meaning ascribed to it in NRS 645B.01047.
(b) "Private investor" has the meaning ascribed to it in NRS 645B.01305.

Notes

Nev. Admin. Code § 645F.939
Added to NAC by Comm'r of Mortgage Lending by R120-15, effective upon the later of 1/1/2016or the date this regulation is filed with the Secretary of State; A by R119-19A, eff. 11/9/2023

NRS 645F.255, 645F.520

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