NAC649.120. Collection agencies: Fees.

     1. An application for licensure as a collection agency must be accompanied by a nonrefundable application fee of $375.

     2. The applicant must pay an additional application fee of $300 for each original license issued, of which not more than $150 may be refunded by the Commissioner of Financial Institutions on a prorated basis if:

     (a) The applicant withdraws his or her application before the Commissioner takes action on the application;

     (b) The Commissioner deems the application withdrawn pursuant to NRS 649.196 because the applicant did not submit all required information and fees within the time specified; or

     (c) The licensee surrenders his or her license during his or her first year of licensure.

     3. A collection agency shall pay the following fees:

     (a) To renew a license, $375;

     (b) For a duplicate license or a license for a transfer of location, $15;

     (c) For each application for a permit to operate a branch office of a licensed collection agency, $190; and

     (d) To renew a permit to operate a branch office of a licensed collection agency, $150.

     (Added to NAC by Comm’r of Financial Institutions by R111-06, eff. 6-28-2006)