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Financial Services Law Insights and Observations

Nevada deems collection agencies “non-essential businesses”

State Issues Covid-19 Nevada Data Collection / Aggregation

State Issues

On March 20, the Nevada Financial Institutions Division issued guidance deeming a collection agency a non-essential business under the Nevada Governor’s orders to close non-essential business. The guidance mentioned in particular that courts in Las Vegas have suspended issuing defaults on civil actions, suspended issuing orders for the examination of a judgment debtor, and suspended the issuance of any writ of execution. Collection agencies licensed or certified in Nevada must cease collection efforts until April 16.