The Nevada Department of Business and Industry regulates most of the real estate and mortgage services in Nevada. This web page is provided as a one-stop resource for Nevada real estate and mortgage services license information, laws and regulations.
Nevad Department of Business and Industry
Virtually every business in the state comes in contact with the Department of Business & Industry in one way or another. Their main objective is to encourage and promote growth, development, and legal operation of business within the State of Nevada. The Department's activities also include: Regulation of business and industrial enterprises Promotion of worker safety, protection, and rights Administration of bond programs to encourage growth and development of business within the state Educating and informing the public and business and industry of their legal rights and responsibilities.
Mortgage Lending Division
The Division is authorized to enforce the statutes and regulations pertaining to Mortgage Bankers, Mortgage Brokers, Mortgage Agents, Escrow Agencies and Escrow Agents. The Division’s mission is to safeguard public interest by coordinating with industry groups to promote professionalism and ethics of the mortgage lending and escrow industries, and to ultimately provide consumers with a meaningful resolution process.
Visit their website: http://mld.nv.gov/index.htm
Overview of Division - http://mld.nv.gov/Overview.htm
Other Nevada Regulatory Agencies
Consumers having mortgage questions or complaints regarding companies not regulated by the Mortgage Lending Division may contact the following appropriate agencies for assistance:
Nevada Financial Institutions Division
(Regulates State chartered banks, credit unions, thrifts and check cashing companies)
406 E. 2nd Street, Suite 3
Carson City, Nevada 89701-4758
Phone: (775) 684-1830
Fax: (775) 684-1845
Nevada Financial Institutions Division
2501 E. Sahara Avenue, Suite 300
Las Vegas, Nevada 89104
Phone: (702) 486-4120
Fax: (702) 486-4563
Office of the Comptroller of the Currency
(Regulates national banks)
Customer Assistance Group
1301 McKinney Street
Houston, TX 77010
The Office of Thrift Supervision
(Regulates federal savings and loans (S&Ls) and federally chartered savings banks ("FSB's"))
Office of Consumer Programs
1700 G Street, NW
Washington, DC 20552
The Federal Reserve Board (FRB)
(Regulates state banks that are members of the Federal Reserve System)
Division of Consumer and Community Affairs
Federal Reserve Board
Washington, DC 20551
The Federal Deposit Insurance Corporation (FDIC)
(Regulates Federally insured state banks that are not members of the Federal Reserve System)
Division of Compliance and Consumer Affairs
550 17th Street, NW
Washington, DC 20429
The National Credit Union Administration
(Regulates federal credit unions)
1775 Duke Street
Alexandria, VA 22314-3428
Federal Trade Commission (FTC)
(Regulates other lenders)
Consumer Response Center
6th and Pennsylvania Avenue, N.W.
Washington, DC 20580
Department of Housing and Urban Development (HUD)
(Enforces Fair Housing Act and RESPA)
Office of Fair Housing and Equal Opportunity
451 Seventh Street, S.W., Room 5100
Washington, DC 20410
Most mortgage transactions must comply with federal as well as state laws and regulations. Two federal laws that apply in many such transactions are the Real Estate Settlement Procedures Act and Federal Regulation Z Truth in Lending regulation.
Nevada Complaints - The Mortgage Lending Division will accept and investigate all complaints filed against any company or individual under our regulatory authority. Refer to our licensing records for a complete list of companies and individuals under our jurisdiction. Complaints must be received in writing and may be submitted directly via this form or faxed or mailed to the addresses listed on our home page. Copies of any documentation in support of your complaint should be included with the submission. The division will correspond with all complainants upon completion of the investigation.
Nevada Statues and Regulations - Current statues and regulations can be found here.