Nev. Admin. Code § 645F.015 - "Associated licensee" defined
Current through October 13, 2021
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NAC 645F.015 “Associated licensee” defined. (NRS 645F.255, 645F.390)
1. “Associated licensee” means a licensee who:
(a) Is an employee of or independent contractor for an independent licensee; and
(b) Is authorized by the independent licensee to engage in, on behalf of the independent licensee, any activity that would require a person to be licensed pursuant to the Nevada Covered Service Provider Regulations and NRS 645F.300 to 645F.450, inclusive.
2. The term does not include a person who performs only clerical or ministerial tasks for an independent licensee.
(Added to NAC by Comm’r of Mortgage Lending by R052-09, eff. 8-25-2009; A by R120-15, 12-23-2015, eff. 1-1-2016)