Nevada Foreclosure Prevention Resources
Nevada programs addressing the mortgage crisis:
The state governor’s office in conjunction with the Nevada Department of Business and Industry created Nevada Foreclosure Help! The program offers foreclosure information and counselors to explain available options. A counselor will be familiar with the workout arrangements that lenders will consider and will know what course of action makes the most sense for you and your family, based on your circumstances. In addition, the counselor can call the lender with you or on your behalf to discuss a workout plan.
The organization has also created a very helpful workbook for those seeking foreclosure help. A PDF of the workbook can be downloaded athttp://foreclosurehelp.nv.gov/Brochures/ForeclosureWorkbook.pdf.
Key Contacts and Information
To find out more about help available to Nevada residents who are having trouble with their mortgages, please visit http://foreclosurehelp.nv.gov.
Mortgage lenders are regulated by various state and federal organizations. If you feel that your lender or mortgage company has acted in violation of the law, you may lodge a complaint with one or more of the appropriate government entities:
Office of the Commissioner
2785 E. Desert Inn Rd., Suite 180
Las Vegas, NV 89121
Office of the Commissioner
1179 Fairview Drive, Suite 201
Carson City, NV 89701
The FID regulates state financial institutions, including mortgage lenders, banks, savings and loans and credit unions, among others. The FID does not regulate any banks, savings and loans or credit unions with the term “national” or “federal” in their names. See below for organizations that regulate these institutions.
You may lodge a complaint at http://www.fid.state.nv.us/New_Contact.htm.
The DFI Consumer Affairs Division reviews all complaints against licensed entities or allegations of unlicensed activity.
If you believe you have been the victim of mortgage fraud you can also download a complaint form athttp://www.fid.state.nv.us/New_Sitemap.htm#Contact.
Office of the Comptroller of the Currency (OCC)
- TDD number: 713-658-0340
The OCC regulates national banks, which are distinguished by the words “national” or “national association” or the initials “N.A.” Examples of national banks are Bank of America, N.A., City National Bank, Wachovia Bank, N.A. and Wells Fargo Bank, N.A.
If you would like to file a complaint about a national bank, you may use the OCC’s online complaint form at https://appsec.helpwithmybank.gov/olcc_form/(their preferred method), or you may mail or fax a complaint form accessible athttp://www.helpwithmybank.gov/complaints/complaint.pdf, or in Spanish athttp://www.helpwithmybank.gov/complaints/complaint_spanish.pdf.
Office of the Comptroller of the Currency
Customer Assistance Group
1301 McKinney Street, Suite 3450
Houston, TX 77010-9050
Office of Thrift Supervision
The OTS regulates institutions with the word “Federal” in its name or the initials “FSB” (Federal Savings Bank) or “FSA” (Federal Savings and Loan Association).
National Credit Union Administration
For 2009, Nevada ranked 1st among all states in foreclosure rate, an increase of 44.28% from the year before. Nationally, 2009 was the worse year for foreclosures in US history, with 2.8 million property owners receiving a foreclosure notice.