The Commissioner shall adopt regulations: 1. Establishing minimum net worth or surety bonding requirements that reflect the dollar amount of loans originated by a residential mortgage loan originator, as defined in NRS 645B.01325; or 2. Requiring a percentage of the fees collected for the issuance or renewal of a license pursuant to chapter 645B of NRS to be deposited in a mortgage recovery fund, and setting forth the methods by which a person may make a claim against and be paid from the fund. (Added to NRS by 2009, 2688; A 2017, 3082)
Nevada Legal Code