NRS 645B.357: Restriction on collection of fees by mortgage company; application of fees.

1. A mortgage company shall not assess or collect any fee which is not:

(a) Authorized by the loan documents or loan servicing agreement; and

(b) Assessed or collected in exchange for bona fide services rendered or costs incurred.

2. A mortgage company shall apply all fees collected in the manner set forth in the loan documents or loan servicing agreement.