NRS 645B.01356: “Wholesale lender” defined.
Where this section sits in the code
- TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES
- CHAPTER 645B - MORTGAGE COMPANIES AND MORTGAGE LOAN ORIGINATORS
- GENERAL PROVISIONS
“Wholesale lender” means a person who:
1. Holds himself or herself out:
(a) For hire to serve as an agent for any person who has money to lend, if the loan is or will be secured by a lien on real property;
(b) As being able to make loans secured by liens on real property; or
(c) As being able to buy or sell notes secured by liens on real property; and
2. Does not directly:
(a) Take or receive an application from a borrower for a loan which will be secured by a lien on real property; or
(b) Negotiate any terms with a borrower relating to a loan which will be secured by a lien on real property.
Collected 2026-09-03T05:51:45Z. Source file · JSON