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USACM MORTGAGE BROKER LICENSE RENEWED BY STATE OF NEVADA MORTGAGE LENDING DIVISIONThe State of Nevada license authorizing USACM (dba USA Capital) to continue to originate, underwrite and service loans as a Mortgage Broker under Chapter 645B of the Nevada Revised Statutes has been renewed for the period ending June 30, 2007 unless sooner revoked. (Click here to view license) USACM retains license #333 conditioned upon the Company “not making any loans secured by liens on real property funded by private, non-institutional investors.” The State of Nevada Mortgage Lending Division (NV MLD) served USACM a Final Order Conditioning Mortgage Broker’s License on June 12, 2006. In the Order, the NV MLD instructed USACM that it “may only make loans secured by liens on real property funded by institutional investors.” (Click here to view Order) USACM requires the NV MLD license to continue to service its existing loan portfolio and expects to disclose information about its future commercial lending when the Company files its reorganization plan in July or August 2006. |
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Copyright © 2006 USA Commercial Mortgage Company
USA Capital - Las Vegas · 4484 South Pecos Road · Las Vegas, NV 89121
NV MBR 333 · Phone 702.734.2400 · Fax 702.734.0163 |
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