Nevada § 649.115 Form of bond; matters covered by bond; statute of limitations for bringing action on bond

Nevada Statutes

§ 649.115 — Form of bond; matters covered by bond; statute of limitations for bringing action on bond

Nevada § 649.115

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 649Collection

LICENSES AS COLLECTION AGENCIES AND COLLECTION AGENTS

This text of Nevada § 649.115 (Form of bond; matters covered by bond; statute of limitations for bringing action on bond) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 649.115 (2026).

Text

1.The bond must be in a form approved by the Division of Financial Institutions of the Department of Business and Industry and conditioned that the applicant conduct his or her business in accordance with the requirements of this chapter.

2.The bond must cover all matters placed with the licensee during the term of the license so applied for, or a renewal thereof.

3.No action may be brought upon any bond after the expiration of 2 years from the revocation or expiration of the license.

4.After the expiration of the period of 2 years, all liability of the surety or sureties upon the bond ceases if no action is commenced upon the bond before the expiration of the period.

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1. The bond must be in a form approved by the Division of Financial Institutions of the Department of Business and Industry and conditioned that the applicant conduct his or her business in accordance with the requirements of this chapter.
2. The bond must cover all matters placed with the licensee during the term of the license so applied for, or a renewal thereof.
3. No action may be brought upon any bond after the expiration of 2 years from the revocation or expiration of the license.
4. After the expiration of the period of 2 years, all liability of the surety or sureties upon the bond ceases if no action is commenced upon the bond before the expiration of the period.