A practical, source-backed orientation to the enacted law and the official materials that control. This page is general industry information, not legal advice.
Official status
Chapter 45, Statutes of Nevada 2025
Approved May 26, 2025
The enacted law applies federal Safeguards Rule requirements to specified Nevada-regulated financial-service providers, requires the information-security program to be maintained with company records, and provides for commissioner notification procedures.
Sections 9 through 31 establish financial-condition, liquidity, governance, audit, and risk-management standards for certain mortgage servicers, modeled generally on the CSBS prudential standards for nonbank mortgage servicers.
The law directs the applicable Nevada commissioners to adopt notification procedures and authorizes mortgage-servicer examination, investigation, and enforcement relating to the enacted requirements.
Section 48 became effective upon approval. Sections 1 through 47 became effective May 26, 2025 for regulations and preparatory administrative work, and January 1, 2026 for all other purposes.
For the prudential standards, the law generally defines a covered institution as a mortgage servicer that services or subservices at least 2,000 qualifying residential mortgage loans and operates in at least two U.S. states, districts, or territories. The enacted text includes definitions, exclusions, exceptions, and commissioner authority that must be reviewed before applying the threshold.
NMLA identifies SB44 implementation as a confirmed public priority. This overview does not determine whether a particular organization, system, event, or practice is covered.
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