There is a newer version of this Statute
2022
2021
2020 (you are here)
2019
2017
Other previous versions
View our newest version here

2020 Nevada Revised Statutes
Chapter 645B - Mortgage Companies and Mortgage Loan Originators
NRS 645B.180 - Limitations on execution or attachment of money in trust account; commingling of money prohibited. [Effective January 1, 2020.]

Universal Citation: NV Rev Stat § 645B.180 (2020)
Previous Next

1. Money in an impound trust account is not subject to execution or attachment on any claim against the mortgage company or his or her mortgage loan originators.

2. It is unlawful for a mortgage company or his or her mortgage loan originators knowingly to keep or cause to be kept any money in a depository financial institution under the heading of "impound trust account" or any other name designating such money as belonging to the investors or debtors of the mortgage company, unless the money has been paid to the mortgage company or his or her mortgage loan originators by an investor or debtor and is being held in trust by the mortgage company pursuant to NRS 645B.170 or 645B.175.

(Added to NRS by 1973, 1543; A 1989, 1766; 1999, 1540, 3796; 2017, 3054, effective January 1, 2020)

Previous Next
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.