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Nevada law defines a "mortgage business" as an individual, who straight or indirectly: (a) Holds himself or herself out for hire to act as a representative for anyone in an attempt to obtain a loan which will be protected by a lien on real estate; (b) Holds himself or herself out for hire to function as an agent for anyone who has money to lend, if the loan is or will be secured by a lien on real estate; (c) Holds himself or herself out as being able to make loans protected by liens on real estate; (d) Holds himself or herself out as having the ability to purchase or sell notes secured by liens on real home; or (e) Provides for sale in this State any security which is exempt from registration under state or federal law and purports to make financial investments in promissory notes secured by liens on genuine property.
For additional info concerning wholesale lenders, please see the separate Wholesale Lender under NRS 645B FAQs page. Real estate consists of both property and industrial home.(NRS 645B.0127).
The Division's website is an essential tool to offer information and prompt updates. Our pages highlight news associated to the home mortgage financing market. Found Here is to provide a helpful and informative website for market individuals and customers. Please visit the page frequently to discover important market news and suggestions.
Los Angeles Mortgage Broker - How to Brand Yourself for Success
3300 West Sahara Opportunity, Suite 285, Las Vegas, NV 89102. (702) 486-0782. FAX: (702) 486-0785 1830 College Parkway, Suite 100, Carson City, NV 89706. (775) 684-7060. FAX: (775) 684-7061.
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If you are a mortgage broker in Nevada, you are required by the Nevada Department of Service and Industry Department of Home loan Lending (also referred to as MLD) to request a license through the National Mortgage Licensing System (NMLS) and file a Nevada Home loan Company Surety Bond as a condition of licensure.
Mortgage Broker License Requirements - Mortgage Licensing Group
Surety Bond and License Requirements: Candidates need to complete the home mortgage broker application and pay the appropriate fingerprint, NMLS, and credit report costs. Applicants must be able to pass a background and credit check and have 5 years experience prior to application and a minimum of two years experience in lending cash for real estate.