Nevada § 645B.0245 Grounds for denial of license: Control by relative who would be ineligible to be licensed; act or omission of partner, officer or director

Nevada Statutes

§ 645B.0245 — Grounds for denial of license: Control by relative who would be ineligible to be licensed; act or omission of partner, officer or director

Nevada § 645B.0245

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645BMortgage

MORTGAGE COMPANIES

This text of Nevada § 645B.0245 (Grounds for denial of license: Control by relative who would be ineligible to be licensed; act or omission of partner, officer or director) 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. § 645B.0245 (2026).

Text

1. If an applicant is a natural person, the Commissioner may refuse to issue a license to the applicant if the Commissioner has reasonable cause to believe that the applicant would be subject to control by a relative who would be ineligible to be licensed pursuant to this chapter. 2. If an applicant is a partnership, corporation or unincorporated association, the Commissioner may refuse to issue a license to the applicant if:

(a)Any member of the partnership or any officer or director of the corporation or unincorporated association has committed any act or omission that would be cause for refusing to issue a license to a natural person; or

(b)The Commissioner has reasonable cause to believe that any member of the partnership or any officer or director of the corporation or unincorporate

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1. If an applicant is a natural person, the Commissioner may refuse to issue a license to the applicant if the Commissioner has reasonable cause to believe that the applicant would be subject to control by a relative who would be ineligible to be licensed pursuant to this chapter.
2. If an applicant is a partnership, corporation or unincorporated association, the Commissioner may refuse to issue a license to the applicant if:
(a) Any member of the partnership or any officer or director of the corporation or unincorporated association has committed any act or omission that would be cause for refusing to issue a license to a natural person; or
(b) The Commissioner has reasonable cause to believe that any member of the partnership or any officer or director of the corporation or unincorporated association would be subject to control by a relative who would be ineligible to be licensed pursuant to this chapter.