Section 645B.030 - Branch office: Prerequisites and name for issuance of license; display of license; responsibilities of mortgage broker; conditional approval; effect of failure to respond to written request for information1. An applicant must submit with his or her application for a license for a branch office: (a) The name, residence address and telephone number of the qualified employee designated to manage and supervise the branch office;(b) The name of each mortgage loan originator who intends to work at the branch office; and(c) Evidence that the applicant has met the requirements imposed by the S.A.F.E. Mortgage Licensing Act, if applicable.2. A license for a branch office may be issued only in the name in which the mortgage company is licensed to conduct business at his or her principal office.3. A mortgage company is responsible for and shall supervise: (a) Each branch office of the mortgage company; and(b) Each qualified employee, mortgage loan originator and other staff member employed at a branch office of the mortgage company.4. If an applicant has received from the Division a letter of conditional approval of his or her application for a license for a branch office which imposes additional requirements that the applicant must satisfy to obtain a license for a branch office, the applicant must comply with those requirements within 30 days after the date on which the Division issued the letter. If the applicant does not satisfy all additional requirements set forth in the letter within the period prescribed in this subsection, the conditional approval of the application shall be deemed to have expired and the applicant must reapply to obtain a license for a branch office. The Commissioner may, for good cause, extend the 30-day period prescribed in this subsection.5. An application for a license for a branch office shall be deemed abandoned if the applicant fails to respond, within 30 calendar days of the date after the request or on or before a later date set by the Commissioner, to any written request by the Division for information or records required in connection with the investigation and evaluation of the qualifications and suitability for licensure of the applicant, its qualified employee or, if applicable, its control persons.Nev. Admin. Code § 645B.030
Comm'r of Savings Associations, Mortgage Reg. § 3, eff. 6-29-82-NAC A by Admstr. of Financial Institutions, 6-29-84; A by Comm'r of Financial Institutions by R045-00, 9-5-2000; A by Comm'r of Mortgage Lending by R087-04, 8-31-2004; R058-08, 4-23-2009; R035-10, 7-22-2010; A by R125-16A, eff. 1/27/2017; A by R119-19A, eff. 11/9/2023NRS 645B.020, 645B.060, 645F.292, 645F.293