Section 645B.310 - Requirements for mortgage company to assign interest in loan A mortgage company shall not assign all or a part of his or her interest in a loan secured by a lien on real property, unless the mortgage company:
1. Obtains a policy of title insurance for the real property;2. Obtains the approval of the assignment from each investor who has acquired ownership of or a beneficial interest in the loan if, at the time of the assignment, the debtor on the loan has defaulted in making a payment required for the loan or any portion of the loan; and3. Records the assignment in the office of the county recorder of the county in which the real property is located.Added to NRS by 1985, 2185; A 1999, 3800; 2007, 959; 2017, 3061Amended by 2017, Ch. 486,§43, eff. 1/1/2020.Added to NRS by 1985, 2185; A 1999, 3800; 2007, 959