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2020 Nevada Revised Statutes
Chapter 645B - Mortgage Companies and Mortgage Loan Originators
NRS 645B.0124 - "Loan processor" defined.
Universal Citation: NV Rev Stat § 645B.0124 (2020)
1. "Loan processor" means a natural person who:
(a) Receives, collects, distributes or analyzes information that is commonly used for the processing of a residential mortgage loan; and
(b) Communicates with a consumer to obtain the information necessary for the activities described in paragraph (a).
2. The communication described in paragraph (b) of subsection 1 does not include communication offering or negotiating loan rates or terms or counseling consumers about residential mortgage loan rates or terms.
(Added to NRS by 2011, 3603)
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