2011 Nevada Revised Statutes
Chapter 645A - Escrow Agencies and Agents
NRS 645A.196 - Termination of employment of escrow agent: Duties of escrow agency; prohibited actions.
1. Whenever an escrow agent terminates, for any reason, his or her employment with the escrow agency with whom the escrow agent was associated, the escrow agency shall:
(a) Immediately deliver or send by certified mail to the Division the escrow agent s license, together with a written statement of the circumstances surrounding the termination.
(b) At the time of delivering or mailing the license to the Division, address a communication to the last known residence address of the escrow agent, advising the escrow agent that his or her license has been delivered or mailed to the Division. A copy of the communication must accompany the license when delivered or mailed to the Division.
2. An escrow agent shall not perform either directly or indirectly any act for which a license is required pursuant to this chapter:
(a) On or after the date the Division receives the escrow agent s license from the escrow agency until the license is transferred or reissued or until a new license is issued.
(b) Without being associated with or employed by a licensed escrow agency.
(Added to NRS by 1985, 1808)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
