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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 645B.01325: “Residential mortgage loan originator” defined.

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Where this section sits in the code
  1. TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES
  2. CHAPTER 645B - MORTGAGE COMPANIES AND MORTGAGE LOAN ORIGINATORS
  3. GENERAL PROVISIONS

“Residential mortgage loan originator” means a natural person who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for compensation or other pecuniary gain. The term does not include:

1. A loan processor, underwriter or other natural person who performs clerical or ministerial tasks as an employee at the direction of and subject to the supervision and instruction of a person licensed or exempt from licensing under this chapter, unless the person who performs such clerical or ministerial tasks is an independent contractor; or

2. A person solely involved in extensions of credit relating to timeshare plans, as that term is defined in 11 U.S.C. § 101(53D).

Collected 2026-09-03T05:51:45Z. Source file · JSON

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