Unlawful to conduct business of mortgage company or mortgage loan originator without being licensed or exempt from licensing
Applied in 1 court decision — leading case 3685 San Fernando Lenders, LLC v. Compass USA SPE LLC (2011)
Most recently applied in 3685 San Fernando Lenders, LLC v. Compass USA SPE LLC (July 2011)
(Added to NRS by 1973, 1536; A 1981, 1792; 1999, 3801; 2003, 3558; 2017, 3080)
It is unlawful for any person to offer or provide any of the services of a mortgage company or mortgage loan originator or otherwise to engage in, carry on or hold himself or herself out as engaging in or carrying on the business of a mortgage company or mortgage loan originator without first obtaining the applicable license issued pursuant to this chapter, unless the person:
1. Is exempt from the provisions of this chapter; and
2. Complies with the requirements for that exemption.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.