NRS 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; and

3. Records the assignment in the office of the county recorder of the county in which the real property is located.