Nev. Admin. Code § 649.Sec. 4.1 - NEW

"Principal place of business" means the physical location of a collection agency where:

1. The compliance manager of the collection agency performs his or her required functions and duties as prescribed by NRS 649.035, as amended by section 16 of Senate Bill No. 276, chapter 534, Statutes of Nevada 2023, at page 3593, and NAC 649.210;

2. The officers and members of senior management of the collection agency:

(a) Direct, control and coordinate the business activities of the collection agency; and

(b) Oversee the daily operations of the collection agency; and

3. The books and records of the collection agency are maintained.

Notes

Nev. Admin. Code § 649.Sec. 4.1

Added to NAC by Comm'r of Financial Institutions by R097-23A, eff. 6/5/2024

NRS 649.053