NAC649.160. Foreign collection agencies: Fees; reinstatement of expired or revoked certificate; transferability of certificate.


Latest version.
  •      1. An application for a certificate of registration as a foreign collection agency must be accompanied by an application fee of $500. The Commissioner of Financial Institutions may refund not more than $300 of the fee on a prorated basis if:

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

         (b) The Commissioner withdraws the application because the applicant did not submit all information and fees within the time specified; or

         (c) The foreign collection agency surrenders its certificate of registration during its first year of registration.

         2. The holder of a certificate of registration as a foreign collection agency must pay a fee of $200 to renew the certificate of registration.

         3. A certificate of registration as a foreign collection agency must not be reinstated after it expires or has been revoked by the Commissioner.

         4. A certificate of registration as a foreign collection agency is not transferable.

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