NRS 645B.0245: Grounds for denial of license: Control by relative who would be ineligible to be licensed; act or omission of partner, officer or director.
Where this section sits in the code
- TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES
- CHAPTER 645B - MORTGAGE COMPANIES AND MORTGAGE LOAN ORIGINATORS
- MORTGAGE COMPANIES
1. If an applicant is a natural person, the Commissioner may refuse to issue a license to the applicant if the Commissioner has reasonable cause to believe that the applicant would be subject to control by a relative who would be ineligible to be licensed pursuant to this chapter.
2. If an applicant is a partnership, corporation or unincorporated association, the Commissioner may refuse to issue a license to the applicant if:
(a) Any member of the partnership or any officer or director of the corporation or unincorporated association has committed any act or omission that would be cause for refusing to issue a license to a natural person; or
(b) The Commissioner has reasonable cause to believe that any member of the partnership or any officer or director of the corporation or unincorporated association would be subject to control by a relative who would be ineligible to be licensed pursuant to this chapter.
Collected 2026-09-03T05:51:45Z. Source file · JSON