Nevada § 645B.354 Restrictions on withholding money from certain investors; loan servicing agreement may contain provision which provides written consent to withhold money

Nevada Statutes

§ 645B.354 — Restrictions on withholding money from certain investors; loan servicing agreement may contain provision which provides written consent to withhold money

Nevada § 645B.354

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645BMortgage

CONDITIONS AND LIMITATIONS ON CERTAIN MORTGAGE TRANSACTIONS

This text of Nevada § 645B.354 (Restrictions on withholding money from certain investors; loan servicing agreement may contain provision which provides written consent to withhold money) 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.354 (2026).

Text

1. If an investor owes money to the mortgage company who is servicing a loan or to other investors, the mortgage company shall not withhold money due the investor in order to offset the money owed to the mortgage company or to another investor, unless:

(a)The mortgage company obtains the written consent of the investor who owes the money; or

(b)A court order requires the mortgage company to withhold the money. 2. A mortgage company may include in a loan servicing agreement a provision which provides written consent to withhold money due an investor in order to offset money owed by the investor to the mortgage company or other investors.

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

1. If an investor owes money to the mortgage company who is servicing a loan or to other investors, the mortgage company shall not withhold money due the investor in order to offset the money owed to the mortgage company or to another investor, unless:
(a) The mortgage company obtains the written consent of the investor who owes the money; or
(b) A court order requires the mortgage company to withhold the money.
2. A mortgage company may include in a loan servicing agreement a provision which provides written consent to withhold money due an investor in order to offset money owed by the investor to the mortgage company or other investors.