Nevada_Executive_Budget_2013-2015

B&I - MORTGAGE LENDING
101-3910
PROGRAM DESCRIPTION
The Division of Mortgage Lending licenses and regulates mortgage brokers, agents, bankers, escrow agencies, and covered service providers. Through examinations of licensees,
investigations of consumer complaints, and actions taken to curtail unlicensed activity, the division safeguards public interests and promotes professionalism, education, and ethics in the
mortgage lending and escrow industries. NRS 645A, 645B, 645E, 645F.
BASE
This request continues funding for fifteen positions and associated operating costs. One-time expenditures have been eliminated and partial year costs have been annualized.
2012-2013 2013-2014 2013-2014 2014-2015 2014-2015
2011-2012 WORK AGENCY GOVERNOR AGENCY GOVERNOR
ACTUAL PROGRAM REQUEST RECOMMENDS REQUEST RECOMMENDS
RESOURCES:
BALANCE FORWARD FROM PREVIOUS YEAR 963,564 756,416 1,793,619 1,793,619 1,486,676 1,454,507
BALANCE FORWARD TO NEW YEAR -756,416 0 0 0 0 0
ASSESSMENTS 140,559 86,165 88,601 88,601 88,601 88,601
CREDIT UNION FEES 48,960 78,640 48,960 48,960 48,960 48,960
ESCROW LICENSE FEES 6,488 8,925 9,325 9,325 9,325 9,325
REGISTRATION FEES 49,800 67,400 49,800 49,800 49,800 49,800
MTG BROKER RENEWALS 203,400 201,835 203,400 203,400 203,400 203,400
AGENT LICENSE RENEWALS 210,340 197,104 258,900 258,900 258,900 258,900
INVESTIGATION FEES 7,797 24,000 8,332 8,332 8,332 8,332
AGENT CHANGE FEE 5,355 14,375 5,355 5,355 5,355 5,355
AG ASSESSMENT FEE 385,279 316,275 316,275 316,275 316,275 316,275
APPLICATION FEES 199,395 366,389 212,715 212,715 212,715 212,715
EXAMINATION FEES 325,447 626,226 454,500 454,500 454,500 454,500
RECOVERY OF LEGAL FEES 900 393 900 900 900 900
RETURNED CHECK CHARGE 25 800 25 25 25 25
BOOK AND PAMPHLET SALES 287 570 287 287 287 287
FINES/FORFEITURES/PENALTIES 32,125 211,000 32,125 0 32,125 0
SETTLEMENT INCOME 0 1,000,000 0 0 0 0
TREASURER'S INTEREST DISTRIB 0 21,094 500 500 500 500
TOTAL RESOURCES:
EXPENDITURES:
1,823,305 3,977,607 3,483,619 3,451,494 3,176,676 3,112,382
PERSONNEL SERVICES 1,056,354 1,177,400 1,238,539 1,238,539 1,255,039 1,255,039
IN-STATE TRAVEL 4,813 9,646 4,813 4,813 4,813 4,813
OPERATING 182,055 189,697 158,480 158,834 163,421 163,715
INVESTIGATIVE EXPENSE 10,264 51,310 7,441 5,841 7,441 5,841
INFORMATION SERVICES 8,715 32,982 9,694 9,815 9,694 9,815
TRAINING 178 2,350 178 178 178 178
TRANSFER TO B & I ADMINISTRATION 68,424 82,003 82,629 83,941 84,360 84,576
DEPARTMENT OF BUSINESS AND INDUSTRY B & I - 279
B&I - DIVISION OF MORTGAGE LENDING