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.
‹ Prev All Nevada sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.