MLD Updates


Attention RE: Continuing Education Requirements for 2019 renewals

2019 Renewals (Due 12/31/18) for all agents and QE:
A total of 8 hours of CE is required for renewal. Annual CE education must include:

  • 3 hours of Federal law
  • 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues)
  • 2 hours of non-traditional mortgage lending
  • 1 hour of an elective course

Any courses taken must be approved through NMLS authorized course providers.

For the QE renewal this year only the elective course does not need to be the Nevada law specific course although it is available. Any agent may take this Nevada specific course as their elective course.

2020 Renewals (Due 12/31/19) for all agents:
A total of 8 hours of CE is required for renewal. Annual CE education must include:

  • 3 hours of Federal law
  • 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues)
  • 2 hours of non-traditional mortgage lending
  • 1 hour of an elective course

QE renewals done during 2019 for 2020 renewals, will require one hour of Nevada law and regulations in lieu of the elective course. Again, any agent may take this Nevada specific course as their elective course. 


This year, two companies currently offer a one hour Nevada specific course approved through NMLS. The approved courses are:

 

    Register to Attend the Governor's Conference on Business 2018

    Don't miss Nevada's premier resource and networking conference for business!  This great event is designed for entrepreneurs seeking to launch a new venture or business owners looking to grow their business.

    Attendee tickets are $50 per person and include access to the business resource expo, breakout sessions and conference luncheon.

    Thursday, October 18, 2018 7:30 AM - 1:30 PM PST
    Rio All-Suite Hotel & Casino
    3700 West Flamingo Road
    Las Vegas, NV 89103

    Proposed Regulations of the Division of Mortgage Lending (2018) to amend NAC Chapters 645A, 645B, 645E, and 645F

    Based upon certain statutory changes made by the Nevada Legislature in 2017 (see links to Senate Bills 498 and 69 as provided below), the Division has made proposed conforming changes and/or other revisions as required, to Chapters 645A (governing escrow agencies and escrow agents); 645B (governing mortgage brokers and mortgage agents); 645E (governing mortgage bankers); and 645F (governing covered service providers, foreclosure consultants, loan modification consultants, and mortgage servicers) of the Nevada Administrative Code (“NAC”). Click on the following links for the provided text of each proposed regulation in the forms submitted to the Nevada Legislative Counsel Bureau following the Division's publicly noticed workshop held on June 26, 2018.

    Each of these draft regulations may also be reviewed on the Nevada Legislature's website pursuant to its Law Library link to the Register of Administrative Regulations.

    Assembly Bill 468 and Senate Bill 498

    Two industry sponsored bills were signed into law in the 79th (2017) Session of the Nevada Legislature which affect licensees under Nevada Revised Statutes NRS 645B and NRS 645E.

    Senate Bill 69

    A Governor-sponsored bill was signed into law in the 79th (2017) session of the Nevada Legislature which among other things, requires a regulatory body to adopt regulations providing for issuance of license by endorsement, including the occupations and professions under the jurisdiction of the Division, as governed by NRS chapters 645A, 645B, 645E, and 645F.

    Upcoming Meeting Information

    Upcoming Meeting Information

    Physical location Originating Site | Call in to teleconference Teleconference remote site | Remote viewing of conference online Video Conference remote site | View events and/or documents online View Online
    Upcoming Meeting Information
    DateLocationAgendaMinutesAttachments
    //
    None at this time