Just a year ago, there were whisperings of whether or not the Nevada Mortgage Lending Division would join the NMLS. However, with the statutory guidelines set in place and the comment period being over, Nevada is officially joining the NMLS. They didn't have much of a choice due to the federal regulation of the SAFE act but they did have the choice of doing nothing. Doing nothing would obligate the Department of Housing & Urban Development to take over which would not be a fun process for anyone involved.
There is an unofficial fall requirement for Nevada mortgage brokers to join the NMLS and take their education but more news will follow on that.
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