This is not legal advice for your situation*

New Form: Nevada "Commercially Reasonable Means or Mechanism" Worksheet

A new disclosure has been added to Nevada's State Build.  The Nevada "Commercially Reasonable Means or Mechanism" Worksheet (NVCRMMW.MSC) became effective on October 1, 2007, and a model disclosure is provided by the Nevada Mortgage Lending Division.  The Worksheet was prepared pursuant to AB 440, which amended NV Rev. Stat. 598D.100, and in accordance with Mortgage Lending Division Letter 2007-2, the Division's interpretive opinion of AB 440.   

The Worksheet will appear in all Nevada predisclosure and closing packages where the origination type is either a lender or broker.  If you have any questions concerning this Worksheet, please contact Customer Service, at (800) 649-1362.

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*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


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