Nev. Rev. Stat. § 645B.085

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 645B.085 - Annual financial statement; audit of trust accounts; regulations
1. Except as otherwise provided in this section, not later than 90 days after the last day of each fiscal year for a mortgage company, the mortgage company shall submit to the Commissioner a financial statement that:
(a) Is dated not earlier than the last day of the fiscal year; and
(b) Has been prepared from the books and records of the mortgage company by an independent certified public accountant who holds a license to practice in this State or in any other state that has not been revoked or suspended.
2. Unless otherwise prohibited by the Registry, the Commissioner may grant a reasonable extension for the submission of a financial statement pursuant to this section if a mortgage company requests such an extension before the date on which the financial statement is due.
3. If a mortgage company maintains any accounts described in subsection 1 of NRS 645B.175, the financial statement submitted pursuant to this section must be audited. If a mortgage company maintains any accounts described in subsection 1 or 4 of NRS 645B.175, those accounts must be audited.
4. The Commissioner shall adopt regulations prescribing the scope of an audit conducted pursuant to subsection 3.

NRS 645B.085

Added to NRS by 1999, 3772; A 2001, 2467; 2007, 956; 2011, 3614; 2017, 3048
Amended by 2017, Ch. 486,§23, eff. 1/1/2020.
Added to NRS by 1999, 3772; A 2001, 2467; 2007, 956; 2011, 3614