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Nevada_Executive_Budget_2013-2015

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Activity: Examinations<br />

The examination activity includes a comprehensive review of a licensee to ensure compliance with<br />

applicable state and federal law. An examination involves an audit of loan files and an assessment<br />

of a licensee's accounts and management. A licensee that is out of compliance may be subject to<br />

appropriate formal or informal disciplinary action.<br />

Performance Measures<br />

1. Percent of Exams Conducted in Relation to Statute<br />

2009 2010 2011 2012 <strong>2013</strong> 2014 <strong>2015</strong><br />

Type: Actual Actual Actual Actual Projected Projected Projected<br />

Percent: 129.21% 122.55% 101.02% 94.75% 86.69% 86.69% 86.69%<br />

2. Percent of Examinations with Adverse Ratings<br />

2012 <strong>2013</strong> 2014 <strong>2015</strong><br />

Type: Actual Projected Projected Projected<br />

Percent: 10.45% 17.06% 17.06% 14.93%<br />

Population / Workload<br />

1. Licensed Mortgage Providers<br />

2012 <strong>2013</strong> 2014 <strong>2015</strong><br />

Type: Actual Projected Projected Projected<br />

Amount: 2,736 2,736 2,736 2,736<br />

Resources<br />

Funding FY 2014 FY <strong>2015</strong><br />

Other $ 340,978 378,229<br />

FTE 1.50 1.50<br />

TOTAL $ 340,978 378,229<br />

FTE 1.50 1.50<br />

Objectives FY 2014 FY <strong>2015</strong><br />

Regulations (Business<br />

Development and Services)<br />

85,244 94,557<br />

Customer Service (Business<br />

Development and Services)<br />

85,244 94,557<br />

Consumer Education<br />

(Business Development and<br />

Services)<br />

85,244 94,557<br />

Compliance (Business<br />

Development and Services)<br />

85,244 94,557<br />

DEPARTMENT OF BUSINESS AND INDUSTRY B & I - 275<br />

B&I - DIVISION OF MORTGAGE LENDING

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