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Current as of January 01, 2025 | Updated by Findlaw Staff
1. Whenever an escrow agent terminates, for any reason, his or her employment with the escrow agency with whom the escrow agent was associated, the escrow agency shall:
(a) Immediately deliver or send by certified mail to the Division the escrow agent's license, together with a written statement of the circumstances surrounding the termination.
(b) At the time of delivering or mailing the license to the Division, address a communication to the last known residence address of the escrow agent, advising the escrow agent that his or her license has been delivered or mailed to the Division. A copy of the communication must accompany the license when delivered or mailed to the Division.
2. An escrow agent shall not perform either directly or indirectly any act for which a license is required pursuant to this chapter:
(a) On or after the date the Division receives the escrow agent's license from the escrow agency until the license is transferred or reissued or until a new license is issued.
(b) Without being associated with and employed by a licensed escrow agency.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 645A.196. Termination of employment of escrow agent: Duties of escrow agency; prohibited actions - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-54-professions-occupations-and-businesses/nv-rev-st-645a-196/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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