NAC 645F.952

Supplemental mortgage servicer license.

Last amended: 2016Year: 2026Length: 289 wordsOfficial source

Cite as Nev. Admin. Code Sec. 645F.952

1. A person that holds a license issued pursuant to chapter 645B or 645E of NRS must file an application for and obtain a supplemental mortgage servicer license pursuant to this section before acting as, offering to act as or providing the services of, a mortgage servicer on one or more mortgage loans that the person did not make or arrange under a license issued pursuant to chapter 645B or 645E of NRS, as applicable. 2. An application for a supplemental mortgage servicer license must be made to the Commissioner through the Registry and must include: (a) All content and information required to be included in the application by the Commissioner. (b) The fee required pursuant to NAC 645F.961 . (c) A financial statement which is compliant with the requirements of NAC 645F.973 and which demonstrates that the applicant meets the minimum net worth set forth in NAC 645F.974 . (d) Evidence of a surety bond that meets the requirements of NAC 645F.970 . (e) A list of the locations of the principal office and each branch office, if any, and the name, telephone number and electronic mail address for a contact person for each such office. 3. A supplemental mortgage servicer license issued pursuant to this section expires on December 31 of the year in which it was issued, unless it is renewed pursuant to NAC 645F.960 . 4. An applicant for a supplemental mortgage servicer license is not subject to NAC 645F.953 , 645F.954 and 645F.955 . 5. Except as otherwise provided in this section, a person holding or required to hold a supplemental mortgage servicer license pursuant to this section is subject to and must comply with all other provisions of the Nevada Mortgage Servicer Regulations.
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