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Misty Bethany

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Special Power of Attorney: Why It Is Required?

Ignite Funding is licensed and regulated through the Nevada Division of Mortgage Lending as a commercial mortgage broker. As such, we must follow the Nevada Revised Statutes (NRS 645B) and Nevada Administrative Code (NAC 645B) as it relates to mortgage brokers. The Division mandates the use of certain forms and disclosures for any mortgage company that engages in private investor activity, one of which is the Special Power of Attorney. The Division requires the Special Power of Attorney to be signed by the investor with the verification of a notary public. The Division also requires this document to be executed by the investor for each loan an investor chooses to participate in.

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