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2014 Nevada Revised Statutes
Chapter 645B - Mortgage Brokers and Mortgage Agents
NRS 645B.357 - Restriction on collection of fees by mortgage broker; application of fees.

NV Rev Stat § 645B.357 (2014) What's This?

1. A mortgage broker shall not assess or collect any fee which is not:

(a) Authorized by the loan documents or loan servicing agreement; and

(b) Assessed or collected in exchange for bona fide services rendered or costs incurred.

2. A mortgage broker shall apply all fees collected in the manner set forth in the loan documents or loan servicing agreement.

(Added to NRS by 2011, 3605)

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