Nev. Rev. Stat. § 649.075

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 649.075 - License required; exception
1. Except as otherwise provided in this section, a person shall not engage in the business of a collection agency within this State without having first applied for and obtained a license as a collection agency from the Commissioner.
2. A person engages in the business of a collection agency in this State for the purposes of subsection 1 if the person is located:
(a) In this State and is seeking to collect a claim, regardless of whether the debtor resided or currently resides in this State or another state;
(b) In another state and is seeking to collect a claim from a debtor that resides in this State; or
(c) In another state and is seeking to collect a claim on behalf of a person or entity that resides in this State.
3. A person engaging in the business of a collection agency shall obtain a license for the office of the principal place of business of the person. A person is not required to obtain a license for a branch office or remote location.
4. A debt buyer may share a single license as a collection agency with a person affiliated with the debt buyer if the affiliated person does not engage in any collection activities other than purchasing claims.

NRS 649.075

[1:237:1931; 1931 NCL § 1420]-(NRS A 1969, 836; 1983, 1711; 1987, 1888; 1993, 2415; 2005, 1867; 2007, 2500)
Amended by 2023, Ch. 534,§18, eff. 10/1/2023.
[1:237:1931; 1931 NCL § 1420] - (NRS A 1969, 836; 1983, 1711; 1987, 1888; 1993, 2415; 2005, 1867; 2007, 2500)