Nevada Revised Statutes 645B.405 – License as mortgage loan originator required for mortgage company or qualified employee who engages in or supervises a mortgage loan originator who engages in activities as residential mortgage loan originator
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A mortgage company or qualified employee who wishes to engage in activities as a residential mortgage loan originator or to supervise a mortgage loan originator who engages in activities as a residential mortgage loan originator must obtain and maintain a license as a mortgage loan originator pursuant to the provisions of NRS 645B.400 to 645B.460, inclusive.
Terms Used In Nevada Revised Statutes 645B.405
- 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
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC