FAQ - Certificates of Exemption

Certificates of Exemption

1. Are there any exemptions from the licensing requirements for a mortgage broker or mortgage banker?

Yes. NRS 645B.015 and NRS 645E.150 provides several qualifications that a person may meet to be exempt from the licensing requirements for a mortgage broker or mortgage banker. However, any person seeking to conduct business under one of the exemptions must file an application for a certificate of exemption from the commissioner.

2. How do I make application for a certificate of exemption from the licensing requirements under NRS 645B or NRS 645E?

A person claiming an exemption under NRS 645B.015 or NRS 645E.150 that only conducts commercial (non-residential) mortgage activity or does not employ any individual who must be licensed as a residential mortgage loan originator must submit its application for a certificate for exemption directly to the Division. The application may be obtained by contacting the Division at (775) 684-7060 and requesting the certificate of exemption application for Non-NMLS filers.

A person claiming an exemption under NRS 645B.015 or NRS 645E.150 that conducts residential mortgage activity or employs any individual who must be licensed as a residential mortgage loan originator must submit its application for a certificate for exemption through the NMLS to the Division. Additional information concerning the certificate of exemption application process can be obtained at NMLS (external link).


If you have any further questions, please contact the Division at (702) 486-0782.