“Servicing liquidity” means the financial resources necessary to manage liquidity risk arising from:

1. 1. The functions of servicing that are required in acquiring and financing mortgage servicing rights;
2. 2. The costs of hedging that are associated with the facilities for the mortgage servicing rights and the financing thereof, including, without limitation, margin calls; and
3. 3. Advances or costs of advance financing for principal, interest, taxes, insurance and any other advances related to servicing.

(Added to NRS by 2025, 241)