Section 645F.665 - Prohibited acts by licensee1. A licensee shall not advise or instruct a homeowner to:(a) Stop making any mortgage loan or other loan payment or cease communication with any mortgage lender, any mortgage loan servicer or any other lender or loan servicer.(b) Make a home loan payment to the licensee or any person not otherwise authorized by the mortgage lender or loan servicer to receive such payment, and the licensee shall not accept such payment from a homeowner unless otherwise required by court order.(c) Designate the licensee as the exclusive recipient of notices or other communications sent from a lender or servicer to a homeowner, or otherwise have written communication from or on behalf of the lender redirected or sent directly to the licensee.(d) Transfer or encumber or purport to transfer or encumber the residence of the homeowner to or for the benefit of the licensee or any third party, and the licensee shall not accept any interest in the residence of the homeowner.2. A licensee shall not sign any binding contract or agreement with any lender or loan servicer on behalf of a homeowner.3. An independent licensee shall not take into his or her own account any payment from a homeowner for a phase of service until the phase of service has been fully completed.Nev. Admin. Code § 645F.665
Added to NAC by Comm'r of Mortgage Lending by R052-09, eff. 8-25-2009