Nevada Fiduciary Duty to Client Policy
Nevada makes every mortgage company and loan originator a fiduciary to its client — the seven statutory duties, the one limit on them, and the servicing conduct standard that comes with servicing your own loans.
A look inside
How this policy reads — formal, examiner-ready, and filled in with your company’s details. This is a representative preview, not the final text.
Acme Mortgage, LLC ("the Company," NMLS #123456) maintains this Nevada Fiduciary Duty to Client Policy to establish how it discharges the fiduciary obligation Nevada imposes on every mortgage company and every mortgage loan originator toward each client. The obligation is a statutory duty of good faith and fair dealing, it is owed in addition to every other duty the licensing chapter imposes, and it carries seven named duties. This Policy applies to the Company's Nevada brokering and lending alike, and to personnel in origination, processing, closing, servicing and compliance.
§4 · The ObligationEvery duty in this Policy is measured against what the Company actually does. Suitability is a conduct duty rather than a disclosure duty: where no product the Company offers is suitable for the client's needs, the Company declines the transaction. Disclosure of the licensee's own interest and of material facts is affirmative and made at discovery. No fee is accepted or collected unless it was disclosed to the client before the service it pays for was provided.
Tailored to your shop
Answer a few questions once and the policy assembles itself around your company — three ways.
Your identity
Legal name, NMLS ID, officers, comp figures, and dates fill in once and flow through every policy.
[Company Legal Name]Acme Mortgage, LLCWhat you do
Broker, banker, both, or servicing — sections that don’t apply disappear; the rest render the right version.
Where you’re licensed
A federal baseline honors any greater state rule, and state overlays layer each licensed state’s requirements on top.
Federal baseline+ CA · TX · FLBuild your whole compliance program
Most shops start with the package that matches what they do, then fill gaps à la carte. Either way, every policy is tailored, trained, and kept current.