649.085 - Qualifications of applicant for license. - Nevada Statutes

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.  Is a citizen of the United States or lawfully entitled to remain and work in the United States.

      2.  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.

      3.  Has not had a collection agency license suspended or revoked within the 10 years immediately preceding the date of the application.

      4.  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.

      5.  Has not made a false statement of material fact on the application.

      6.  Will maintain one or more offices in this State or one or more offices in another state for the transaction of the business of his or her collection agency.

      7.  Has established a plan to ensure that his or her collection agency will provide the services of a collection agency adequately and efficiently.

      (Added to NRS by 1963, 1141; A 1969, 836; 1975, 1297; 1995, 999; 2003, 2731; 2007, 2500)