Yes. The following individuals are not required to obtain a license as a mortgage loan originator:
1. A person who performs only clerical or ministerial tasks as an employee at the direction of and subject to the supervision and instruction of a person licensed or exempt from licensing under NRS 645B, unless the person who performs such clerical or ministerial tasks is an independent contractor. “Clerical or ministerial tasks” is defined in NRS 645B.0104.
2. A natural person who only offers or negotiates terms of a residential mortgage loan:
- with or on behalf of an immediate family member of the person;
- secured by a dwelling that served as the person’s residence; or
- the residential mortgage loan is for a manufactured home, as defined in NRS 118B.015;
- the residential mortgage loan is financed by the seller; and
- the seller has not engaged in more than five such loans in this State during the immediately preceding 12 consecutive months.
3. A person solely involved in extensions of credit relating to timeshare plans, as that term is defined in 11 U.S.C. 101(53D).
4. A person or entity which only performs real estate brokerage activity and which is licensed or registered in accordance with Nevada law, unless the person or entity is compensated by a lender, mortgage company or other residential mortgage loan originator or by any agent of such lender, mortgage company or other residential mortgage loan originator.