Nevada Statutes

§ 645A.195 — Escrow agency that is not natural person to designate natural person as qualified employee

Nevada § 645A.195

JurisdictionNevada

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645AEscrow

MISCELLANEOUS PROVISIONS

This text of Nevada § 645A.195 (Escrow agency that is not natural person to designate natural person as qualified employee) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 645A.195 (2026).

Text

1. If an escrow agency is not a natural person, the escrow agency must designate a natural person as a qualified employee to act on behalf of the escrow agency. 2. The Division shall adopt regulations regarding a qualified employee, including, without limitation, regulations that establish:

(a)A definition for the term “qualified employee”;

(b)Any duties of a qualified employee; and

(c)Any requirements regarding a qualified employee.

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1. If an escrow agency is not a natural person, the escrow agency must designate a natural person as a qualified employee to act on behalf of the escrow agency.
2. The Division shall adopt regulations regarding a qualified employee, including, without limitation, regulations that establish:
(a) A definition for the term “qualified employee”;
(b) Any duties of a qualified employee; and
(c) Any requirements regarding a qualified employee.

Legislative History

(Added to NRS by 2011, 3595 )

Nearby Sections

15

§ 645A.010

§ 645A.013

Inapplicability of chapter to participant in Regulatory Experimentation Program for Product Innovation; exceptions

§ 645A.015

Unlawful to engage in business of administering escrows or act in capacity of escrow agent or escrow agency without license; exceptions

§ 645A.020

Application for initial license or renewal: Requirements; issuance or renewal; continuing obligation to notify Division of material change in information in application; restriction

§ 645A.021

Application: Educational prerequisites; regulations

§ 645A.025

Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

§ 645A.032

Contents of license; escrow agent may associate with and be employed by only one escrow agency at same time

§ 645A.034

Delivery and possession of license of escrow agent; display of licenses

§ 645A.036

Place of business: Maintenance by escrow agency; specification in application; designation on license; effect

§ 645A.038

License not transferable

§ 645A.039

Continuing education: Standards; regulations

§ 645A.040

Expiration; renewal; fees; deposit of money received

§ 645A.0405

Authority of Commissioner to require submission of certain documents, fees and fines through Registry; deposit of fees, assessments and penalties

§ 645A.041

Duty of escrow agency to deposit surety bond with Commissioner; escrow agents must be named as principals on bond; form and amount of bond; exceptions

§ 645A.042

Escrow agency may deposit substitute form of security in lieu of surety bond; amount deposited must equal amount of bond; interest or dividends accrue to depositor

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Bluebook (online)

Nevada § 645A.195, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/645A.195.