645F.390  Foreclosure consultants, loan modification consultants and persons performing covered services for compensation: Licensing; regulations.

1.  The Commissioner shall adopt separate regulations for the licensing of:

(a) A person who performs any covered service for compensation;

(b) A foreclosure consultant; and

(c) A loan modification consultant.

2.  The regulations must prescribe, without limitation:

(a) The method and form of application for a license;

(b) The method and form of the issuance, denial or renewal of a license;

(c) The grounds and procedures for the revocation, suspension or nonrenewal of a license; and

(d) The imposition of reasonable fees for application and licensure.

(Added to NRS by 2009, 1457)