Section 649.085 - Qualifications of applicant for license Every individual applicant, every officer and director of a corporate applicant, and every member of a firm or partnership applicant for a license as a collection agency or collection agent must submit proof satisfactory to the Commissioner that he or she:
1. Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business of a collection agency in a manner which protects the interests of the general public.2. Has not had a collection agency license suspended or revoked within the 10 years immediately preceding the date of the application , unless the license was suspended for a minor violation that did not harm a debtor and the license was subsequently restored.3. Has not been convicted of, or entered a plea of nolo contendere to: (a) A felony relating to the practice of collection agencies or collection agents; or(b) Any crime involving fraud, misrepresentation or moral turpitude.4. Has not made a false statement of material fact on the application.5. Will maintain a physical office as the principal place of business. If a collection agent of the applicant will be working from a remote location, the principal place of business of the applicant must be located in the United States.6. Has established a plan to ensure that his or her collection agency will provide the services of a collection agency adequately and efficiently.Added to NRS by 1963, 1141; A 1969, 836; 1975, 1297; 1995, 999; 2003, 2731; 2007, 2500; 2019, 4331Amended by 2023, Ch. 534,§19, eff. 10/1/2023.Amended by 2019, Ch. 627,§108, eff. 7/1/2019.Added to NRS by 1963, 1141; A 1969, 836; 1975, 1297; 1995, 999; 2003, 2731; 2007, 2500