Section 645F.973 - Annual financial statement1. Each applicant and licensee shall submit to the Commissioner an independently audited financial statement: (a) At the time of application; and(b) Not later than 90 days after the end of each fiscal year of the mortgage servicer. 2. The financial statement required by subsection 1 must:(a) Be dated not earlier than the last day of the fiscal year;(b) Be prepared in accordance with generally accepted accounting principles; and(c) Demonstrate that the applicant or licensee meets the minimum net worth requirement set forth in section 26 of this regulation.2. The Commissioner may grant a reasonable extension for the submission of a financial statement pursuant to this section if a mortgage servicer requests such an extension before the date on which the financial statement is due.Nev. Admin. Code § 645F.973
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