Nev. Admin. Code § 604A.230

Current through December 31, 2024
Section 604A.230 - Prohibited acts: Miscellaneous acts
1. A licensee shall not:
(a) Require or accept a guarantor to a transaction entered into with a customer.
(b) Issue his own check to a customer unless the check is drawn on an account that is:
(1) Insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 678.755;
(2) Identified as belonging to the licensee; and
(3) Maintained in a depository institution authorized to do business in this State.
(c) Use any device, subterfuge, pretense or deceptive means or representations to collect on a check.
(d) Collect or attempt to collect any interest incidental to the check other than the fees set forth in this chapter and chapter 604A of NRS.
(e) Operate his business from any location other than the location listed on his license.
(f) Harass the employer of a customer in attempting to collect on a check.
(g) Advertise for sale or threaten to advertise for sale any check as a means to enforce payment of the check, unless the licensee is acting pursuant to a court order.
(h) Except as otherwise provided in this paragraph, publish or post, or cause to be published or posted, a list of customers who have not paid on their checks. A licensee may publish or post such a list for the benefit of his agents, employees, officers, managers, stockholders or membership in connection with the internal affairs of the licensee. This provision does not prevent a licensee from providing information concerning a customer to a consumer reporting agency.
2. This section does not prohibit a licensee from selling his receivables or assigning past due receivables to a collection agent for collection.
3. As used in this section, "consumer reporting agency" has the meaning ascribed to it in section 603(f) of the Fair Credit Reporting Act, 15 U.S.C. § 1681 a(f).

Nev. Admin. Code § 604A.230

Added to NAC by Comm'r of Financial Institutions by R150-05, eff. 12-29-2005

NRS 604A.300