Nevada Health Response - Coronavirus
Questions about the Regulatory Experimentation Program for Product Innovation?
Any and all questions relating to the Nevada Sandbox Program [Senate Bill No. 161 of the 80th Nevada Legislature and NAC 657A (pending)] should be directed to the Office of the Director of the Department of Business and Industry. You may use this Link to Nevada Sandbox Information page provided for your convenience.
Mortgage License Changes
Effective 1/1/2020 all Mortgage Brokers and Bankers are licensed under NRS 645B as Mortgage Companies. All Mortgage Agents are licensed under NRS 645B as Mortgage Loan Originators. This change relates to all licensees, residential and commercial.
Regarding the Federal Temporary Authority to Operate law (S2155)
For more information on Temporary Authority to Operate for licensed individuals regulated by the Division of Mortgage Lending, please refer to the NMLS/CSBS statement. The NMLS has also created a resource for state agencies and loan originators with information and a demonstration video.
URGENT CONSUMER ALERT
The State of Nevada Division of Insurance, has posted a consumer alert about an insurance protection scam. The target is people who have inquired about getting mortgage and are required to get this insurance before they can get the loan.
This has happened in California. Although no incidents have at this time been reported in Nevada, be aware if you are looking to obtain a mortgage.
Reference the provided documents for more information.