If the name filing or business purpose includes the words “financial”, “mortgage”, or “mortgage banking”, or indicates that the business will engage in the mortgage business, the State of Nevada Secretary of State will require an approval letter from the Division of Mortgage Lending (“Division”) before it accepts the filing.
Usage of certain words in the name and/or purpose of an entity filed with the Secretary of State are restricted pursuant to Title 7 of the Nevada Revised Statutes. It is necessary to obtain approval from certain agencies before submitting documents to the Secretary of State for a filing that contain those words, regardless if the word stands alone or if it is “part” of a word. Documents received by the Secretary of State which contain these restricted words will be rejected if they do not have the requisite approval.
For the Division of Mortgage Lending, these restrictions are outlined in NRS 78.045(2)(8), NRS Chapter 645B.020. To obtain approval from the Division, a company must submit a written request to the Division which includes:
- the purpose of the filing
- the exact company name
- the address for the company
- the name of the contact person
- a reliable telephone number
- a detailed description of the proposed business activity that the company intends to conduct in Nevada
The written request for an approval letter needs to be submitted to the Division by email through the Division’s general mailbox at email@example.com, or by mail to the Division of Mortgage Lending, 3300 West Sahara Avenue, Ste. 285, Las Vegas, NV 89102, or by facsimile to (702) 486-0785
If the company requesting approval plans to conduct mortgage activity in Nevada requiring licensure as a mortgage company under NRS 645B, the Division will not provide an approval until the applicable license application has been submitted and the company is found suitable to hold a license. When the application reaches the appropriate stage, the Division will issue an approval memorandum for the purpose of filing with the Secretary of State prior to the approval of the license.
A preferred business name can be reserved from the Secretary of State while the application process is being conducted. Use this link for further information on reserving a name from the Secretary of State or use this form to make your name reservation.