Section 645F.952 - Supplemental mortgage servicer license1. A person that holds a license issued pursuant to chapter 645B or 645E of NRS must file an application for and obtain a supplemental mortgage servicer license pursuant to this section before acting as, offering to act as or providing the services of, a mortgage servicer on one or more mortgage loans that the person did not make or arrange under a license issued pursuant to chapter 645B or 645E of NRS, as applicable.2. An application for a supplemental mortgage servicer license must be made to the Commissioner through the Registry and must include:(a) All content and information required to be included in the application by the Commissioner.(b) The fee required pursuant to section 33 of this regulation.(c) A financial statement which is compliant with the requirements of section 25 of this regulation and which demonstrates that the applicant meets the minimum net worth set forth in section 26 of this regulation.(d) Evidence of a surety bond that meets the requirements of section 27 of this regulation.(e) A list of the locations of the principal office and each branch office, if any, and the name, telephone number and electronic mail address for a contact person for each such office.3. A supplemental mortgage servicer license issued pursuant to this section expires on December 31 of the year in which it was issued, unless it is renewed pursuant to section 32 of this regulation.4. An applicant for a supplemental mortgage servicer license is not subject to sections 20, 21 and 22 of this regulation.5. Except as otherwise provided in this section, a person holding or required to hold a supplemental mortgage servicer license pursuant to this section is subject to and must comply with all other provisions of the Nevada Mortgage Servicer Regulations.Nev. Admin. Code § 645F.952
Added to NAC by Comm'r of Mortgage Lending by R120-15, effective upon the later of 1/1/2016 or the date this regulation is filed with the Secretary of State.NRS 645F.255 and section 86.4 of Assembly Bill No. 480, chapter 477, Statutes of Nevada 2015, at page 2806