twelve. Any obligation, duty otherwise obligation out-of a mortgage providers pursuant to this section is not delegable otherwise transferable in order to a trader, and you will, in the event the a trader simply brings money to acquire control from otherwise an excellent interest in a loan secured because of the a great lien for the houses, zero violent otherwise civil accountability tends to be imposed with the buyer when it comes to operate or omission away from a home loan business.
dos. It is illegal to own a mortgage team or his or her home loan originators consciously to keep otherwise reason to be kept hardly any money for the good depository lender in going out-of impound trust membership or other term designating particularly money as the from the investors otherwise debtors of the mortgage company, unless of course the bucks has been repaid into mortgage lender or their particular home mortgage originators because of the an investor otherwise borrower which is getting kept within the trust of the mortgage company pursuant to help you NRS 645B.170 or 645B.175.