Nev. Rev. Stat. » NRS: CHAPTER 649 - COLLECTION AGENCIES

Nev. Rev. Stat. § 649.075

License required to engage in business of collection agency; conduct constituting engaging in such business; location for which license required to be obtained; conditions under which debt buyer is authorized to share license with affiliated person

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NRS 649.075  License required to engage in business of collection agency; conduct constituting engaging in such business; location for which license required to be obtained; conditions under which debt buyer is authorized to share license with affiliated person.

      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.

      [1:237:1931; 1931 NCL § 1420]—(NRS A 1969, 836; 1983, 1711; 1987, 1888; 1993, 2415; 2005, 1867; 2007, 2500; 2023, 3594)

     

Notes of Decisions
Cited in 3 cases, 1994–2019 · leading case: Kuhn v. Account Control Technology, Inc.
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Kuhn v. Account Control Technology, Inc. (1994) nvd · cites it 3× “Prior to October 1, 1993, Nev.Rev.Stat. § 649.075 required non-resident collection agencies to either be licensed by the state regulatory authorities, or to obtain a letter of exemption from the division.”
State Department of Business & Industry, Financial Institutions Division v. Nevada Ass'n Services, Inc. (2012) nev “NRS 649.075(1). NRS 649.375 describes which collection agency practices are prohibited.”
BENKO VS. QUALITY LOAN SERV. CORP. (2019) nev · cites it 2× “600, based on violations of NRS 649.075 and NRS 649.171, and unjust enrichment.”
— Nev. Rev. Stat. § 649.075(1) — 1 case
State Department of Business & Industry, Financial Institutions Division v. Nevada Ass'n Services, Inc. (2012) nev “NRS 649.075(1). NRS 649.375 describes which collection agency practices are prohibited.”
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