NRS 649.085 Qualifications of applicant for license.

238 words·~1 min read·/nv/chapter-649-collection-agencies/649-085

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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 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.