Mortgage Companies and Mortgage Loan Originators - NRS 645B


Who is required to be licensed as a Mortgage Company under NRS 645B?

Any person who wishes to engage in an activity meeting the statutory definition of “mortgage company” with respect to residential or commercial property is required to first obtain a license as a mortgage company under NRS 645B.

The Division requires anyone who is engaging in the activities of NRS 645B.0127 including Lead Generators to be licensed by the Division. If you are unsure, or you have questions whether or not your intended activities require licensure, please contact the Division directly through MLDInfo.

If under NRS 645B.016 a person holds a certificate of exemption, that person is exempt from licensing as a mortgage company per NRS 645B.015.

(NRS 645B.0127)   (NRS 645B.015)   (NRS 645B.016

    How to Obtain or Renew a License

    Residential Mortgage Companies

    All initial license and renewal applications and applicable fees for residential mortgage companies are submitted to the Division through the Nationwide Multistate Licensing System and Registry (NMLS) using the Company Form (MU-1 Form) for the principal office and the Branch Form (MU-3 Form) for each branch location. Nevada law requires each licensed mortgage company to have at least one licensed office located in this state.
     
    Additional Information concerning the requirements to obtain a residential mortgage company license and application materials may be obtained by reviewing the NMLS Company License Description.

     

    Additional Resources:

    Commercial Mortgage Companies

    A mortgage company that only conducts commercial mortgage activity (loans secured by real property other than a dwelling) may submit its application for licensure or renewal and applicable fees directly to the Division. The application and further instruction may be obtained by contacting the Division.

      Mortgage Loan Originators 

      All initial license and renewal applications and applicable fees for mortgage loan originators are submitted to the Division through the Nationwide Multistate Licensing System and Registry (“NMLS”) using the Individual Form). 

       

      Once You Have Obtained a License

      A mortgage company is required to submit a Monthly Activity Report (MAR) of the company's activity on a form approved by the Commissioner.  The Division has provided instructions for completing the report and the report form.

      Amendments to License

      In NMLS: 

      Not in NMLS (Commercial only - submit to Division's Carson City Licensing Office) 

      Other Forms and Nevada Specific Disclosures 

      Fees

      Advertising Information for Companies that have been licensed for less than 12 months

      Companies that have been licensed for less than 12 months must submit advertising using the Advertisement Submission Form.

      Informational Brochures

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