1. A course of continuing education that is required pursuant to this chapter must
meet the requirements set forth by the Commissioner by regulation.
2. The Commissioner shall adopt regulations:
(a) Relating to the requirements for courses of continuing education, including, without
limitation, regulations relating to the providers and instructors of such courses,
records kept for such courses, approval and revocation of approval of such courses,
monitoring of such courses and disciplinary action taken regarding such courses.
(b) Allowing for the participation of representatives of the mortgage lending industry
pertaining to the creation of regulations regarding such courses.
(c) Ensuring compliance with the requirements for registration with the Registry and
any other applicable federal law.
3. The regulations adopted by the Commissioner pursuant to subsection 2 must not require
a mortgage loan originator or mortgage company or an employee of a mortgage company
who, pursuant to subsection 1 of NRS 645F.267, is not required to register or renew with the Registry and who has not voluntarily
registered or renewed with the Registry to complete any continuing education relating
to residential mortgage loans.
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