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