645A.021 - Application: Educational prerequisites; regulations. [Effective January 1, 2011.] - Nevada Statutes

645A.021  Application: Educational prerequisites; regulations. [Effective January 1, 2011.]

      1.  In addition to any other requirement, an applicant for an original license as an escrow agent or agency must furnish proof satisfactory to the Commissioner of the successful completion of a course of instruction in the principles, practices, procedures, law and ethics of escrows, which course may be an extension or correspondence course offered by the Nevada System of Higher Education, by any other accredited college or university or by any other college or school approved by the Commissioner.

      2.  An applicant for a license as an escrow agent or agency pursuant to NRS 645A.020 must meet the educational prerequisites required pursuant to this section not later than the date on which his or her application is received by the Office of the Commissioner.

      3.  The Commissioner shall adopt regulations setting forth standards for the educational prerequisites required pursuant to this section. The regulations must address standards for instructors, the scope and content of the instruction, required hours of instruction and such other criteria as the Commissioner considers necessary.

      (Added to NRS by 2009, 1552, effective January 1, 2011)