353C.200 - Contract with private debt collector: Conditions; prohibitions; provisions regarding costs of and fees for collecting debt; approval. - Nevada Statutes

353C.200  Contract with private debt collector: Conditions; prohibitions; provisions regarding costs of and fees for collecting debt; approval.

      1.  Except as otherwise provided in subsection 2, if an agency has assigned a debt to the State Controller for collection pursuant to NRS 353C.195, the State Controller may enter into a contract with a private debt collector or any other person for the assignment of the collection of the debt if the State Controller:

      (a) Determines the assignment is likely to generate more net revenue than equivalent efforts by the State Controller to collect the debt, including collection efforts pursuant to this chapter;

      (b) Determines the assignment will not compromise future collections of state revenue; and

      (c) Notifies the debtor in writing at his or her address of record that the debt will be turned over for private collection unless the debtor:

             (1) Pays the debt in full; or

             (2) Enters into an agreement, pursuant to NRS 353C.130, for the payment of the debt on an installment basis.

      2.  A contract for the assignment of the collection of a debt may provide for:

      (a) Payment by the State Controller to the private debt collector or other person of the costs of collection and fees for collecting the debt; or

                (b) Collection by the private debt collector or other person from the debtor of the costs of collection and fees for collecting the debt.

      (Added to NRS by 1999, 3445; A 2001, 1877; 2009, 1179)