Nev. Admin. Code § 645F.974

Current through December 31, 2024

Section 645F.974 - Minimum net worth

1. An applicant must demonstrate a minimum net worth of $100,000.

2. Each mortgage servicer shall continuously maintain a minimum net worth of $100,000.

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