Nevada Revised Statutes 645B.021 – Mortgage company who is not natural person to designate natural person as qualified employee; regulations
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1. If a mortgage company is not a natural person, the mortgage company must designate a natural person as a qualified employee to act on behalf of the mortgage company.
Terms Used In Nevada Revised Statutes 645B.021
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- mortgage: includes a deed of trust. See Nevada Revised Statutes 0.037
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. The Division shall adopt regulations regarding a qualified employee, including, without limitation, regulations that establish:
(a) A definition for the term ‘qualified employee’;
(b) Any duties of a qualified employee; and
(c) Any requirements regarding a qualified employee.