Nevada Mortgage

  By May 31 of each year, Mortgage brokers must submit to the Commissioner satisfactory proof that the each person who supervises the daily business of the mortgage broker must have completed at least 10 hours of certified courses of continuing education during the 12 months immediately preceding the date on which the license expires. ... [Read More]

Mortgage Lending Division - FAQ
Once a mortgage agent has terminated his association with one mortgage broker, he may associate with a new mortgage broker. The new hiring mortgage broker must submit a change of broker form , the agent’s previous license, if issued and a $10 fee to associate the agent with the new company. Submissions of change of broker forms will be accepted in advance of the termination form. Courtesy letters will then be sent to the previous mortgage broker advising them that one of their agents has associated with another broker, providing 10 days for submission of the termination form before administrative action is brought. ... [Read More]

Mortgage Lending Division Home Page
Welcome to the home page for the Division of Mortgage Lending.  The Division is authorized to enforce the statutes and regulations pertaining to Mortgage Bankers, Mortgage Brokers, Mortgage Agents, Escrow Agencies and Escrow Agents. The Division’s mission is to safeguard public interest by coordinating with industry groups to promote professionalism and ethics of the mortgage lending and escrow industries, and to ultimately provide consumers with a meaningful resolution process. ... [Read More]

Mortgage Lending Division - Overview
Anyone who holds himself out as being able to make or arrange loans secured by real estate, or as being able to buy or sell notes secured by real estate in, into or from Nevada, and the activity includes “brokering” non-commercial loans to third party lenders, must have a mortgage broker license, or be specifically exempted from that license.  Mortgage Broker licenses expire on June 30 th of each year.  In order to renew the license, mortgage brokers must apply for renewal on or before May 31 st   of each year. Companies who exclusively lend their own capital or broker only commercials loans and do not maintain trust accounts may qualify to hold a mortgage banker license.  A licensed real estate broker or agent does not automatically qualify to engage in mortgage activities.  All licensed mortgage brokers must have a "qualified employee" to oversee the day-to-day operations of the company. That individual must have at least 2 years of prior verifiabl ... [Read More]