“Wholesale lender” means a person who:

1. 1. Holds himself or herself out:

   1. (a) For hire to serve as an agent for any person who has money to lend, if the loan is or will be secured by a lien on real property;
   2. (b) As being able to make loans secured by liens on real property; or
   3. (c) As being able to buy or sell notes secured by liens on real property; and

2. 2. Does not directly:

   1. (a) Take or receive an application from a borrower for a loan which will be secured by a lien on real property; or
   2. (b) Negotiate any terms with a borrower relating to a loan which will be secured by a lien on real property.

(Added to NRS by 2015, 2797)