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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 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 - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-54-professions-occupations-and-businesses/nv-rev-st-649-075/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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