Yes. A person who conducts the activity of a mortgage company or mortgage loan originator in relation to commercial real estate is required to obtain and maintain the appropriate license under NRS 645B.
However, a foreign corporation that is not doing business in the state pursuant to NRS 80.015, may make an occasional unsolicited commercial mortgage loan in the State if the foreign corporation does not:
- Maintain an office in this state;
- Solicit or accept deposits in the State, except pursuant to the provision of Chapter 666 or 666A of the NRS;
- Solicit business for the activities of a mortgage company as defined by NRS 645B.0127; or
- Arrange a mortgage loan secured by real property which is not commercial property as defined by NRS 645B.01047.
The Division deems “unsolicited” as activity whereas a prior established, bona fide client relationship exists and such relationship can be verified.