Nevada § 645B.350 Mortgage company required to provide investors certain options before acquiring ownership or beneficial interest in loan

Nevada Statutes

§ 645B.350 — Mortgage company required to provide investors certain options before acquiring ownership or beneficial interest in loan

Nevada § 645B.350

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645BMortgage

CONDITIONS AND LIMITATIONS ON CERTAIN MORTGAGE TRANSACTIONS

This text of Nevada § 645B.350 (Mortgage company required to provide investors certain options before acquiring ownership or beneficial interest in loan) 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.350 (2026).

Text

A mortgage company shall not accept money from an investor to acquire ownership of or a beneficial interest in a loan which has more than one investor at the time of origination unless the mortgage company provides to each investor a form which allows the investor to choose one of the following options:

1.That, upon receipt of a written request submitted by another investor who owns or has a beneficial interest in the loan, the mortgage company may provide to that other investor the name, address, telephone number and electronic mail address of the investor;

2.That, upon receipt of a written request submitted by another investor who owns or has a beneficial interest in the loan, the mortgage company may provide to that other investor the name, address, telephone number and electronic mai

Free access — add to your briefcase to read the full text and ask questions with AI

A mortgage company shall not accept money from an investor to acquire ownership of or a beneficial interest in a loan which has more than one investor at the time of origination unless the mortgage company provides to each investor a form which allows the investor to choose one of the following options:
1. That, upon receipt of a written request submitted by another investor who owns or has a beneficial interest in the loan, the mortgage company may provide to that other investor the name, address, telephone number and electronic mail address of the investor;
2. That, upon receipt of a written request submitted by another investor who owns or has a beneficial interest in the loan, the mortgage company may provide to that other investor the name, address, telephone number and electronic mail address of the investor only if the loan is in default; or
3. That the address, telephone number and electronic mail address of the investor must remain confidential and that the mortgage company may not provide that information to any other investor unless the investor provides the mortgage company with subsequent written permission to provide such information to other investors.