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. (See Nevada Secretary of State Restricted Word List)
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.
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 e-mail through the Division’s general mailbox at email@example.com, or by mail to the Division of Mortgage Lending, 7220 Bermuda Road, Ste A, Las Vegas, NV 89119, or by facsimile to (702) 486-0785
If the company requesting approval plans to conduct mortgage activity in Nevada requiring licensure as a mortgage broker under NRS 645B or as a mortgage banker under NRS 645E, the Division will not provide an approval until the applicable license application has been submitted through the NMLS and the company is found suitable to hold a license. Once licensing is approved, the Division will issue an approval memorandum for the purpose of filing with the Secretary of State.
For further information on reserving a name from the Secretary of State, please visit http://nvsos.gov/.