Nevada Revised Statutes 645B.025 – Posting of license; restrictions on transfer or assignment of license
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1. A mortgage company shall post each license in a conspicuous place in the office to which it pertains.
Terms Used In Nevada Revised Statutes 645B.025
- 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. A mortgage company may not transfer or assign a license to another person, unless the Commissioner gives written approval.