Title 54

NRS 645B.810 Attorney General may bring civil action; recovery of costs in civil action. 1. The Attorney General may bring any appropriate civil action against a person to enforce any provision of this chapter, a regulation adopted pursuant to this chapter or an order of the Comm…

NRS 645B.820 Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction. 1. A court of this State may exercise jurisdiction over a party to a civil action arising under the provisions of this chapter on any basis not inconsistent with the Const…

NRS 645B.900 Unlawful to conduct business of mortgage company or mortgage loan originator without being licensed or exempt from licensing. It is unlawful for any person to offer or provide any of the services of a mortgage company or mortgage loan originator or otherwise to engag…

NRS 645B.910 Unlawful for foreign corporation, association or business trust to conduct business of mortgage company without meeting certain requirements. It is unlawful for any foreign corporation, association or business trust to conduct any business as a mortgage company withi…

NRS 645B.920 Contracts for mortgage transaction voidable for certain violations. If a person, or any general partner, director, officer, agent or employee of a person violates the provisions of NRS 645B.900 or 645B.910, any contracts entered into by that person for the mortgage t…

NRS 645B.930 Civil action authorized for certain violations. In addition to any other remedy or penalty, if a person, or any general partner, director, officer, agent or employee of a person, violates the provisions of NRS 645B.900 or 645B.910, the client may bring a civil action…

NRS 645B.950 Penalties for general violations. 1. Except as otherwise provided in NRS 645B.960, a person, or any general partner, director, officer, agent or employee of a person, who violates any provision of this chapter, a regulation adopted pursuant to this chapter or an orde…

NRS 645B.955 Commissioner may require licensee to pay restitution. 1. A person who engages in an activity for which a license as a mortgage company or mortgage loan originator is required pursuant to this chapter, without regard to whether such a person is licensed pursuant to th…

NRS 645B.960 Penalties for violations relating to escrow or trust accounts. 1. A person, or any general partner, director, officer, agent or employee of a person, who violates any provision of NRS 645B.165 to 645B.180, inclusive, is guilty of: (a) A misdemeanor if the amount invo…

NRS 645C.010 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 645C.020 to 645C.130, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1989, 822; A 1997, 300; 2009, 1520; 2019, 479)

NRS 645C.020 “Administrator” defined. “Administrator” means the Real Estate Administrator. (Added to NRS by 1989, 822)

NRS 645C.030 “Appraisal” defined. “Appraisal” means an analysis, opinion or conclusion, whether written or oral, relating to the nature, quality, value or use of a specified interest in, or aspect of, identified real estate for or with the expectation of receiving compensation. (…

NRS 645C.032 “Appraisal firm” defined. “Appraisal firm” means a person, limited-liability company, partnership, association or corporation: 1. Which, for compensation, prepares and communicates appraisals; 2. Whose principal is an appraiser licensed pursuant to this chapter; and …

NRS 645C.034 “Appraisal management company” defined. 1. “Appraisal management company” means a person, limited-liability company, partnership, association or corporation which, for compensation: (a) Functions as a third-party intermediary between an appraiser valuing properties w…

NRS 645C.037 “Appraisal Subcommittee” defined. “Appraisal Subcommittee” means the Appraisal Subcommittee of the Federal Financial Institutions Examination Council. (Added to NRS by 2019, 477)

NRS 645C.040 “Appraiser” defined. “Appraiser” means a person who prepares or communicates an appraisal, but does not include anyone who merely relays an appraisal on behalf of the person who prepares it. (Added to NRS by 1989, 822)

NRS 645C.045 “Certificate” defined. “Certificate” means a certificate issued to an appraiser pursuant to this chapter. (Added to NRS by 1991, 887)

NRS 645C.047 “Certified appraiser” defined. “Certified appraiser” means an appraiser to whom a certificate has been issued pursuant to this chapter. (Added to NRS by 1991, 887)

NRS 645C.050 “Commission” defined. “Commission” means the Commission of Appraisers of Real Estate. (Added to NRS by 1989, 822)

NRS 645C.055 “Complex property” defined. “Complex property” means residential property which: 1. Is atypical for the marketplace in which it is located based on, without limitation, such factors as: (a) The architectural style of the property; (b) Special improvements made to the…

NRS 645C.060 “Division” defined. “Division” means the Real Estate Division of the Department of Business and Industry. (Added to NRS by 1989, 822; A 1993, 1893)

NRS 645C.065 “Federal financial institutions regulatory agency” defined. “Federal financial institutions regulatory agency” means the: 1. Board of Governors of the Federal Reserve System; 2. Federal Deposit Insurance Corporation; 3. Office of the Comptroller of the Currency; 4. N…

NRS 645C.067 “Federally related transaction” defined. “Federally related transaction” means any financial transaction related to real estate which: 1. A federal financial institutions regulatory agency or the Resolution Trust Corporation engages in, contracts for or regulates; an…

NRS 645C.070 “Intern” defined. “Intern” means a person who actively assists in the preparation or communication of an appraisal, but does not include anyone who merely provides information concerning real estate to an appraiser or records, transcribes or copies information concer…

NRS 645C.080 “License” defined. “License” means a license issued to an appraiser pursuant to this chapter. (Added to NRS by 1989, 823)

NRS 645C.090 “Licensed appraiser” defined. “Licensed appraiser” means an appraiser to whom a license has been issued pursuant to this chapter. (Added to NRS by 1989, 823)

NRS 645C.100 “Permit” defined. “Permit” means a permit to conduct an appraisal issued to an appraiser by the Administrator pursuant to NRS 645C.363. (Added to NRS by 1989, 823; A 1991, 887; 1993, 812)

NRS 645C.110 “Real estate” defined. “Real estate” includes land, any improvements and fixtures permanently affixed thereon, and every right, interest or estate therein, whether legal or equitable, whether corporeal or incorporeal, and whether the property is situated in this stat…

NRS 645C.120 “Registered intern” defined. “Registered intern” means an intern to whom a registration card has been issued pursuant to this chapter. (Added to NRS by 1989, 823)

NRS 645C.130 “Registration card” defined. “Registration card” means a card issued to an intern pursuant to this chapter signifying the intern’s registration by the Division. (Added to NRS by 1989, 823)

NRS 645C.140 Purpose of chapter. The purpose of this chapter is to carry out the policy expressed in the portion of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (12 U.S.C. §§ 3331-3351) which concerns appraisers, to establish a program in this state to …

NRS 645C.150 Applicability of chapter. The provisions of this chapter do not apply to: 1. A federal or state employee, or an employee of a local government, who prepares or communicates an appraisal as part of his or her official duties, unless a license or certificate is require…

NRS 645C.170 Administration by Division; employment of professional consultants to investigate complaints; employees of Division. 1. The Division shall: (a) Administer this chapter and may employ legal counsel, investigators and other professional consultants necessary to the dis…

NRS 645C.175 Authority for Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions. 1. The Administrator may adopt regulations which establish procedures for the Division to conduct business electronically pursuant to title 59 of NRS…

NRS 645C.180 Commission of Appraisers of Real Estate: Creation; appointment and terms of members; limitations on membership. 1. The Commission of Appraisers of Real Estate is hereby created, consisting of five members appointed by the Governor. 2. At least two members of the Comm…

NRS 645C.190 Commission of Appraisers of Real Estate: Qualifications and oaths of members. 1. Each member of the Commission must: (a) Be a citizen of the United States or be lawfully entitled to remain and work in the United States; (b) Have been a resident of the State of Nevada…

NRS 645C.200 Commission of Appraisers of Real Estate: Fiscal year; officers; meetings; compensation, per diem allowance and travel expenses of members. 1. The Commission shall: (a) Operate on the basis of a fiscal year beginning on July 1 and ending on June 30. (b) At the first m…

NRS 645C.210 Commission of Appraisers of Real Estate: Powers and duties; regulations; service of process. 1. The Commission shall: (a) Adopt a seal to authenticate its proceedings. (b) Conduct hearings pursuant to this chapter. (c) Establish programs for education and research in…

NRS 645C.215 Administrative fine for engaging in certain conduct without certificate, license, registration, registration card or authorization; procedure for imposition of fine; judicial review; exceptions. 1. In addition to any other remedy or penalty, the Commission may impose…

NRS 645C.220 Records: Maintenance by Division; general provisions governing public inspection and confidentiality. 1. The Division shall maintain a record of: (a) Persons whose applications for a certificate, license or registration card have been denied; (b) Investigations condu…

NRS 645C.225 Records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records. 1. Except as otherwise provided in this section and NRS 239.0115, a complaint filed with the Commission, all do…

NRS 645C.230 Publication and sale of manual or guide concerning appraisals. Upon approval of the Commission, the Division may publish or supply a manual or guide concerning appraisals, and offer it for sale to the public for a reasonable fee. (Added to NRS by 1989, 826)

NRS 645C.240 Deposit and use of money received by Division; financial support of Division. 1. Except as otherwise provided in subsections 2 and 3 and NRS 645C.245, all fees, penalties and other charges received by the Division pursuant to this chapter must be deposited with the S…

NRS 645C.245 Technology Account for Chapter 645C of NRS. 1. The Technology Account for Chapter 645C of NRS is hereby created in the State General Fund. The Administrator shall administer the Account. 2. The interest and income earned on the money in the Account, after deducting a…

NRS 645C.250 Duties of Attorney General. 1. The Attorney General shall render to the Division opinions upon questions of law relating to the construction or interpretation of this chapter, or arising in the administration thereof, submitted to the Attorney General by the Division…

NRS 645C.260 Certificate, license, permit or registration card required; penalty; prosecution of violation. 1. Any person who, in this State, engages in the business of, acts in the capacity of, advertises or assumes to act as: (a) An appraiser without first obtaining the appropr…