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Financial Services Law Insights and Observations

Nevada Financial Institutions Division advises collection agency licensees that they may operate

State Issues Covid-19 Nevada Financial Institutions Debt Collection Mortgage Licensing

State Issues

On June 4, the Nevada Department of Business and Industry, Financial Institutions Division advised collection agency licensees that they may operate their business while following all remaining emergency directives issued by the governor, state agencies, justice court orders, and all applicable state and federal laws. The issuance follows guidance issued on March 20, which deemed a collection agency a non-essential business under the Nevada governor’s orders to close non-essential business (previously discussed here).