Nevada Loan Modification Laws

 

  1.  Nevada regulates foreclosure consultants under NRS 645.300 et seq. (see http://www.leg.state.nv.us/NRS/NRS-645F.html#NRS645FSec300)
  2. The State:
    • Prohibits upfront or extraneous fees; prohibits taking security for compensation; Prohibits taking power of attorney; Prohibits accepting consideration from any interested 3rd party
    •  Provides for administrative penalties up to 10k without right of hearing to contest; Provides for civil and criminal penalties
  3. Licensed attorneys are exempt from the definition of foreclosure consultant

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment

ModFraud.org developed by Square M, Inc.