Nevada Collection Agency Laws
Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about About State by State Debt Recovery and other Collection Agency topics.
Nevada Collection Agency Laws
Following is some important information on Nevada debt collection laws including: Nevada Statutes, Nevada Judgments, Nevada Garnishments, Nevada Interest Rates, Nevada Bad Check Laws and Nevada Collection Agency Requirements.
INTEREST RATE
Legal: 2% Over Prime
Judgment: 2% Over Prime
STATUTE OF LIMITATIONS (IN YEARS)
Open Acct.: 4
Written Contract: 6
Lease: 4
Domestic Judgment: 6
Foreign Judgment: 6
BAD CHECK LAWS (CIVIL PENALTY)
Amount due, protest fees three times check amount not more than $500, or less than $100
GENERAL GARNISHMENT EXEMPTIONS
Garnish only. 25% of Disposable earnings for each week or 30 times federal minimum hourly wage (whichever is less)
COLLECTION AGENCY BOND & LICENSE
Bond: $25,000 to $50,000
License: Yes
Fee:
$250 - App. Survey
$300 - Original
$200 - Renewal
Exemption for out-of-state collectors: Out-of-state collectors are exempt if [1] collecting by interstate means (phone, fax, mail); and [2] collecting for an out-of-state client.
| Guru Spotlight |
| Sherril Steele-Carlin |
