Nevada Administrative Code
Chapter 649 - Collection Agencies
MANAGERS
Section 649.220 - Restrictions on service for multiple agencies
Current through February 27, 2024
1. No person may serve as manager of more than one primary collection agency at the same time.
2. No person may serve as manager of more than one secondary collection agency at the same time.
3. At the discretion of the Commissioner of Financial Institutions, upon application and his or her written approval first obtained, a manager of a collection agency may serve as manager of one primary collection agency and one secondary collection agency at the same time.
4. The approval may be revoked by the Commissioner at any time if he or she finds that:
Banking Div., Collection Agency Reg. No. 120, eff. 5-3-74-NAC A by Admstr. of Financial Institutions, eff. 6-29-84; A by Comm'r of Financial Institutions by R111-06, 6-28-2006-Substituted in revision for NAC 649.110
NRS 649.053, 649.056