Title 54

NRS 649.025 “Collection agent” defined. “Collection agent” means any person, who, on behalf of a collection agency, makes a collection, solicitation or investigation of a claim at a place or location other than the business premises of the collection agency, but does not include:…

NRS 649.026 “Commissioner” defined. “Commissioner” means the Commissioner of Financial Institutions. (Added to NRS by 1983, 1710; A 1987, 1887)

NRS 649.028 “Compliance manager” defined. “Compliance manager” means a person who: 1. Holds a compliance manager’s certificate; 2. Is designated as the compliance manager of a collection agency; 3. Shares equally with the holder of a license to conduct a collection agency the res…

NRS 649.030 “Customer” defined. “Customer” means any person authorizing or employing a collection agency for any of the purposes permitted or authorized by this chapter. [Part 2:237:1931; 1931 NCL § 1420.01]—(NRS A 1969, 835)

NRS 649.031 “Debt buyer” defined. “Debt buyer” means a person who is regularly engaged in the business of purchasing claims that have been charged off for the purpose of collecting such claims, including, without limitation, by personally collecting claims, hiring a third party t…

NRS 649.033 “Exempt entity” defined. “Exempt entity” means an entity described in paragraphs (b) to (k), inclusive, of subsection 2 of NRS 649.020. (Added to NRS by 2023, 3589)

NRS 649.035 “Manager” defined. [Replaced in revision by NRS 649.028.]

NRS 649.036 “Medical debt” defined. 1. “Medical debt” means any debt owed for goods or services provided by a medical facility, a provider of health care or a provider of emergency medical services. 2. Except as otherwise provided in subsection 3, the term includes the financing …

NRS 649.037 “Medical debtor” defined. “Medical debtor” means a debtor who owes a medical debt. (Added to NRS by 2021, 1669)

NRS 649.038 “Medical facility” defined. “Medical facility” has the meaning ascribed to it in NRS 449.0151. (Added to NRS by 2021, 1669)

NRS 649.039 “Nationwide Multistate Licensing System and Registry” or “Registry” defined. “Nationwide Multistate Licensing System and Registry” or “Registry” has the meaning ascribed to it in NRS 604A.083. (Added to NRS by 2021, 2064)

NRS 649.041 “Provider of emergency medical services” defined. “Provider of emergency medical services” means: 1. The operator of an ambulance or air ambulance; or 2. A fire-fighting agency which provides transportation for persons in need of emergency services and care to hospita…

NRS 649.042 “Provider of health care” defined. “Provider of health care” has the meaning ascribed to it in NRS 629.031. (Added to NRS by 2021, 1669)

NRS 649.044 “Remote location” defined. “Remote location” means a location separate from either the principal place of business or a branch office of a collection agency. (Added to NRS by 2023, 3589)

NRS 649.045 Legislative finding and declaration. The Legislature finds and declares that: 1. There exists in this State a need for more stringent regulatory control over collection agencies to ensure that they are composed only of responsible and well qualified personnel. 2. It i…

NRS 649.051 Administration and enforcement of chapter. The Commissioner shall administer and enforce the provisions of this chapter, subject to the administrative supervision of the Director of the Department of Business and Industry. (Added to NRS by 1969, 830; A 1983, 1710; 198…

NRS 649.053 Regulations. The Commissioner shall adopt such regulations as may be necessary to carry out the provisions of this chapter. (Added to NRS by 1969, 830; A 1983, 1710; 1987, 1887; 1995, 999)

NRS 649.056 Regulations prescribing methods of conducting business; investigations and examinations. The Commissioner may: 1. By regulation prescribe for collection agencies the method and manner of: (a) Keeping records. (b) Preparing and filing financial and other reports. (c) H…

NRS 649.057 Investigations and hearings. In the conduct of any investigation or hearing, the Commissioner may: 1. Compel the attendance of any person by subpoena. 2. Administer oaths. 3. Examine any person under oath concerning the business and conduct of affairs of any person su…

NRS 649.059 Approval of printed forms. The Commissioner may require collection agencies to submit any printed form of agreements, listing sheets, acknowledgments, communications or other documents used in its business for the Commissioner’s approval or disapproval. (Added to NRS …

NRS 649.061 Notification of results of examination; retention and destruction of examination papers. 1. The Commissioner shall notify all applicants for licensure or certification of the results of any examination taken under this chapter, by certified mail, as soon as the result…

NRS 649.065 Records: Maintenance by Commissioner; contents; confidentiality and disclosure of application and personal or financial records and other documents submitted or obtained pursuant to certain examination, audit or investigation. 1. The Commissioner shall keep in the Off…

NRS 649.067 Records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records. 1. Except as otherwise provided in this section and NRS 239.0115, a complaint filed with the Commissioner, all d…

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 other…

NRS 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…

NRS 649.095 Application for license: Contents; examination of applicant; submission of financial statement; withdrawal of application. 1. An application for a license must be in writing and filed with the Commissioner on a form provided for that purpose. 2. The application must s…

NRS 649.105 Bond or substitute security required; amount and conditions; adjustments in amount. 1. An applicant for a license must file with the Commissioner, concurrently with the application, a bond in the sum of $35,000, or an appropriate substitute pursuant to NRS 649.119, wh…

NRS 649.115 Form of bond; matters covered by bond; statute of limitations for bringing action on bond. 1. The bond must be in a form approved by the Division of Financial Institutions of the Department of Business and Industry and conditioned that the applicant conduct his or her…

NRS 649.119 Deposit as substitute for bond. 1. An applicant for a license may deposit with any bank or trust company authorized to do business in this State, with the permission of the Commissioner, as a substitute for the surety bond required by NRS 649.105: (a) An obligation of…

NRS 649.125 Investigation by Commissioner. Upon receiving an application for a license and bond in proper form along with payment of the required fee, the Commissioner shall investigate all the facts stated in the application and the requirements of NRS 649.135. (Added to NRS by …

NRS 649.135 Approval of application: Conditions; findings; notice; issuance of unique license number; update of public record regarding licensees. 1. The Commissioner shall approve an application for a license and keep on file his or her findings of fact pertaining thereto if the…

NRS 649.155 Order denying application; notice of denial. 1. If the Commissioner finds that any application or applicant for a collection agency license does not meet the requirements of NRS 649.135, the Commissioner shall enter an order denying the application. 2. Within 10 days …

NRS 649.165 Rights of licensee. Upon notification of the approval of the application by the Commissioner pursuant to NRS 649.135, the licensee shall have the right to conduct the business of a collection agency with all the powers and privileges contained in, but subject to, the …

NRS 649.167 License as collection agency valid for principal place of business and branch offices in application; notice to Commissioner of location of additional branch office required. 1. A license as a collection agency granted pursuant to NRS 649.135 is valid for the principa…

NRS 649.175 Certificate required. No person may be the compliance manager of a collection agency unless the person holds a valid compliance manager’s certificate issued pursuant to the provisions of this chapter. (Added to NRS by 1969, 831; A 1983, 1714)

NRS 649.185 Application. Each person who is, or desires to become, the compliance manager of a collection agency shall submit an application for a compliance manager’s certificate to the Commissioner in accordance with the provisions of this chapter. The application must include …

NRS 649.196 Qualifications of applicant; requirements for issuance; notice of refusal to issue certificate; request for hearing; withdrawal of application. 1. Each applicant for a compliance manager’s certificate must submit proof satisfactory to the Commissioner that the applica…

NRS 649.205 Examinations: Frequency; location; requirements; reexamination; waiver; regulations. 1. The Commissioner shall provide for compliance managers’ examinations at such times and places as the Commissioner may direct, at least twice each year. 2. The examinations must be …

NRS 649.215 Grounds for refusing examination or suspending or revoking certificate. The Commissioner may refuse to permit an applicant for a compliance manager’s certificate to take the examination, or, after a hearing, may suspend or revoke a compliance manager’s certificate if …

NRS 649.225 Issuance of certificate; unique identification number required for certificate; notice to Commissioner of compliance manager’s change of residence address required. 1. The Commissioner shall issue a compliance manager’s certificate to any applicant who meets the requi…

NRS 649.233 Payment of child support: Submission of certain information by applicant; grounds for denial of license or certificate; duty of Commissioner. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for w…

NRS 649.235 Not transferable. Each collection agency license and compliance manager’s certificate issued pursuant to this chapter shall not be transferable. [Part 8:237:1931; 1931 NCL § 1420.07]—(NRS A 1969, 838)

NRS 649.245 Expiration; renewal; cancellation; reinstatement. 1. A license or certificate expires on December 31 of each year, unless it is renewed. To renew a license or certificate, a collection agency or compliance manager must submit to the Commissioner on or after November 1…

NRS 649.271 Commissioner authorized to take action to participate; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding licensing and certification. 1. The Commissioner may, in furtherance of his or her duties with respect to the i…

NRS 649.273 Submission and processing of fingerprints. 1. The Commissioner may require an applicant for or the holder of a license or certificate to submit a complete set of his or her fingerprints when the Commissioner determines necessary. 2. The Commissioner may use the servic…

NRS 649.277 Commissioner required to report certain information or material; confidentiality of information or material provided; Commissioner authorized to enter into certain agreements and arrangements. 1. Subject to any limitations or restrictions contained in federal or state…