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2020 Nevada Revised Statutes
Chapter 645B - Mortgage Companies and Mortgage Loan Originators
NRS 645B.250 - Prohibition on advancing payments to investor on behalf of debtor in default; exceptions. [Effective January 1, 2020.]
Universal Citation: NV Rev Stat § 645B.250 (2020)
Except pursuant to a contract for the collection or servicing of a loan which is governed by the requirements established by the Government National Mortgage Association, Federal Home Loan Mortgage Corporation or Federal National Mortgage Association, a mortgage company or mortgage loan originator shall not advance payments to an investor on behalf of a person who has obtained a loan secured by a lien on real property and who has defaulted in his or her payments.
(Added to NRS by 1985, 2185; A 1989, 966; 1999, 3800; 2017, 3059, effective January 1, 2020)
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