645F.390 - Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Licensing; regulations. - Nevada Statutes

645F.390  Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Licensing; regulations.

      1.  The Commissioner shall adopt separate regulations for the licensing of:

      (a) A person who performs any covered service for compensation;

      (b) A foreclosure consultant; and

      (c) A loan modification consultant.

      2.  The regulations must prescribe, without limitation:

      (a) The method and form of application for a license;

      (b) The method and form of the issuance, denial or renewal of a license;

      (c) The grounds and procedures for the revocation, suspension or nonrenewal of a license; and

      (d) The imposition of reasonable fees for application and licensure.

      (Added to NRS by 2009, 1457)