1. 1. The members of the Advisory Council on Mortgage Investments and Mortgage Lending shall elect a Chair and a Vice Chair from among their membership. The Vice Chair shall perform the duties of the Chair during any absence of the Chair.
2. 2. The Advisory Council may meet at least once each calendar quarter and at other times on the call of the Chair or a majority of its members.
3. 3. The meetings of the Advisory Council may be held at any location designated by the Chair or a majority of its members.
4. 4. A majority of the members of the Advisory Council constitutes a quorum for the transaction of all business.
5. 5. The Chair may appoint subcommittees of the members of the Advisory Council to consider specific problems relating to mortgage investments or mortgage lending.

(Added to NRS by 1999, 3767)