Section 645A.070 - Requirements for initial licensure1. An applicant for an initial license as an escrow agent must complete at least 15 hours of instruction in the areas of instruction set forth in subsection 2. The instruction may be completed through live instruction in a classroom or through distance education.2. The 15 hours of instruction required by subsection 1 must include: (a) Three hours of professional ethics, which must include instruction on fraud and consumer protection;(b)Four hours of Nevada law and regulations relating to escrow agencies or escrow agents, at least 2 hours of which must be related to this chapter and chapter 627 or 645A of NRS;
(c) Six hours of instruction relating to applicable federal law or regulations, the practical application of escrow processes or a specialized area of practice; and(d) Two hours of electives.3. An applicant for an initial license as an escrow agent must provide to the Commissioner one or more certificates of completion, in a form satisfactory to the Commissioner, indicating that the applicant has successfully completed the 15 hours of instruction required by this section. Certificates issued for all such courses must bear the name of the certifying organization.Nev. Admin. Code § 645A.070
Added to NAC by Comm'r of Mortgage Lending by R143-08, 4-20-2010, eff. 1-1-2011; A by R070-16A, eff. 1/27/2017NRS 645A.021 and 645A.050