Nevada § 649.335 Retention and examinations of records and accounts

Nevada Statutes

§ 649.335 — Retention and examinations of records and accounts

Nevada § 649.335

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 649Collection

CONDUCT OF BUSINESS; PROHIBITED PRACTICES

This text of Nevada § 649.335 (Retention and examinations of records and accounts) 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. § 649.335 (2026).

Text

1.Every collection agency shall keep all records concerning each of its accounts for at least 6 years following the completion of the last transaction concerning the account.

2.The Commissioner shall conduct an examination of the trust accounts and the records relating to debtors and customers of each collection agency licensed pursuant to this chapter at least once each year.

3.If there is evidence that a collection agency is not complying with the provisions of this chapter, the Commissioner may conduct an additional examination to determine whether a violation has occurred.

4.During the first year a collection agency is licensed, the Commissioner may conduct as many examinations as the Commissioner deems necessary to ensure compliance with the provisions of this chapter.

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1. Every collection agency shall keep all records concerning each of its accounts for at least 6 years following the completion of the last transaction concerning the account.
2. The Commissioner shall conduct an examination of the trust accounts and the records relating to debtors and customers of each collection agency licensed pursuant to this chapter at least once each year.
3. If there is evidence that a collection agency is not complying with the provisions of this chapter, the Commissioner may conduct an additional examination to determine whether a violation has occurred.
4. During the first year a collection agency is licensed, the Commissioner may conduct as many examinations as the Commissioner deems necessary to ensure compliance with the provisions of this chapter.