Adoption of this amendment will MAINTAIN a 2/3s majority vote requirement for final passage of AB490 R2 (§§ 12, 15, 16, 27, 28, 79).
ASSEMBLY ACTION Initial and Date |SENATE ACTION Initial and Date
Adopted Lost | Adopted Lost
Concurred In Not
|Concurred In Not
Receded Not | Receded Not
Amend sec. 15, page 3, line 21, after “by” by inserting “escrow companies,”.
Amend the bill as a whole by adding a new section designated sec. 21.5, following sec. 21, to read as follows:
“Sec. 21.5. NRS 645A.067 is hereby amended to read as follows:
645A.067 Each escrow agency shall pay the assessment levied by the Commissioner and cooperate fully with the audits and examinations performed pursuant to [NRS 658.055.] section 12 of this act.”.
Amend sec. 36, page 14, by deleting lines 11 through 17 and inserting:
“645B.690, any firm or corporation [:] , or wholly owned subsidiary thereof:
(a) Whose principal purpose or activity is lending money on real property which is secured by a mortgage;
(b) Approved by the Federal National Mortgage Association as a seller and servicer; and
(c) Approved by the Department of Housing and Urban”.
Amend the bill as a whole by adding a new section designated sec. 42.5, following sec. 42, to read as follows:
“Sec. 42.5. NRS 645B.075 is hereby amended to read as follows:
645B.075 Each mortgage broker shall pay the assessment levied pursuant to [NRS 658.055.] section 12 of this act. Each mortgage broker and mortgage agent shall cooperate fully with the audits and examinations performed pursuant thereto.”.
Amend sec. 54, page 29, by deleting lines 31 through 37 and inserting:
“6. Any firm or corporation [:] , or wholly owned subsidiary thereof:
(a) Whose principal purpose or activity is lending money on real property which is secured by a mortgage;
(b) Approved by the Federal National Mortgage Association as a seller and servicer; and
(c) Approved by the Department of Housing and Urban”.
Amend sec. 88, page 55, lines 39 and 42, by deleting “broker.”” and inserting “banker.””.
Amend sec. 89, page 56, line 1, by deleting “22” and inserting “21.5”.
Amend sec. 89, page 56, line 6, by deleting “22” and inserting “21.5”.
Amend sec. 89, page 56, line 7, after “42,” by inserting “42.5,”.