NRS 645F.730: “Servicing liquidity” defined.

“Servicing liquidity” means the financial resources necessary to manage liquidity risk arising from:

1. The functions of servicing that are required in acquiring and financing mortgage servicing rights;

2. The costs of hedging that are associated with the facilities for the mortgage servicing rights and the financing thereof, including, without limitation, margin calls; and

3. Advances or costs of advance financing for principal, interest, taxes, insurance and any other advances related to servicing.