Nevada regulator asks mortgage servicers to assist troubled borrowers

State Issues Covid-19 Nevada Mortgages

On March 27, the Nevada Department of Business and Industry, Division of Mortgage Lending issued guidance to state-regulated mortgage servicers and mortgage companies encouraging them to assist borrowers adversely impacted by the Covid-19 pandemic. The division requested these entities provide 60 days mortgage payment forbearance, waive late payment and transactional fees for 60 days, ensure security of consumer data, and refrain from foreclosures for 60 days, among other things.