{"data":{"id":"us-nv/nrs-645b.018","jurisdiction":"us-nv","citation":"NRS 645B.018","heading":"Exemptions for certain loans: Grounds for granting; revocation; issuance of statement by Commissioner of reasons for granting, denying or revoking.","body":"1. A person may apply to the Commissioner for an exemption from the provisions of this chapter governing the making of a loan of money, except that an exemption may not be issued for the making of a residential mortgage loan.\n2. The Commissioner may grant the exemption if the Commissioner finds that:\n(a) The making of the loan would not be detrimental to the financial condition of the lender, the debtor or the person who is providing the money for the loan;\n(b) The lender, the debtor or the person who is providing the money for the loan has established a record of sound performance, efficient management, financial responsibility and integrity;\n(c) The making of the loan is likely to increase the availability of capital for a sector of the state economy; and\n(d) The making of the loan is not detrimental to the public interest.\n3. The Commissioner:\n(a) May revoke an exemption unless the loan for which the exemption was granted has been made; and\n(b) Shall issue a written statement setting forth the reasons for his or her decision to grant, deny or revoke an exemption.","path":["TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES","CHAPTER 645B - MORTGAGE COMPANIES AND MORTGAGE LOAN ORIGINATORS","ADVISORY COUNCIL ON MORTGAGE INVESTMENTS AND MORTGAGE LENDING"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-645B.html#NRS645BSec018","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"2673a1ab027bf269000d9600ae25a4511c5cbac327ab99bdb1f51a35ad651f47","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-645b.017","next":"us-nv/nrs-645b.019"},"notice":"GroundRules: Original legal text. Not legal advice."}