NRS 645F.365: “Loan modification consultant” defined.
Where this section sits in the code
- TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES
- CHAPTER 645F - MORTGAGE LENDING AND RELATED PROFESSIONS
- FORECLOSURE CONSULTANTS, FORECLOSURE PURCHASERS, LOAN MODIFICATION CONSULTANTS AND PERSONS PERFORMING COVERED SERVICES FOR COMPENSATION
- General Provisions
“Loan modification consultant” means a person who, directly or indirectly, makes any solicitation, representation or offer to a homeowner to perform for compensation, or who, for compensation, performs any act that the person represents will adjust the terms of a mortgage loan in a manner not provided for in the original or previously modified mortgage loan. Such an adjustment includes, without limitation:
1. A change in the payment amount;
2. A change in the loan amount;
3. A loan forbearance;
4. A change in the loan maturity; and
5. A change in the interest rate.
Collected 2026-09-03T05:51:45Z. Source file · JSON