'Foreclosure consultant' means a person who, directly or indirectly, makes any solicitation, representation or offer to a homeowner to perform for compensation, or who, for compensation, performs any covered service that the person represents will do any of the following: 1. Prevent or postpone a foreclosure sale; 2. Obtain any forbearance from any mortgagee or beneficiary of a deed of trust; 3. Assist the homeowner to exercise the right of reinstatement provided in the legal documents; 4. Obtain any extension of the period within which the homeowner may reinstate the homeowner’s obligation; 5. Obtain any waiver of an acceleration clause contained in any promissory note or contract secured by a mortgage on a residence in foreclosure or included in the mortgage or deed of trust; 6. Assist the homeowner in foreclosure or loan default to obtain a loan or advance of money; 7. Avoid or ameliorate the impairment of the homeowner’s credit resulting from the recording of a notice of default or the conduct of a foreclosure sale; 8. Save the homeowner’s residence from foreclosure; or 9. Assist the homeowner to obtain a foreclosure reconveyance. (Added to NRS by 2007, 2854)
Nevada Legal Code