“Servicing liquidity” defined.

NRS 645F.730 “Servicing liquidity” defined. “Servicing liquidity” means the financial resources necessary to manage liquidity risk arising from: 1. The functions of servicing that are required in acquiring and financing mortgage servicing rights; 2. The costs of hedging that are associated with the facilities for the mortgage servicing rights and the financing thereof, including, without limitation, margin calls; and 3. Advances or costs of advance financing for principal, interest, taxes, insurance and any other advances related to servicing. (Added to NRS by 2025, 241)