Nevada Extends Prohibitions on Instate Collections


The restrictions for licensees are in effect for another month.

5/29/2020 12:30

The Nevada Financial Institutions Division (NFID) has extended prohibitions on instate collections for licensees until June 30, 2020.

Gov. Steve Sisolak also signed a new order on the extension.

Following is the guidance from the NFID to licensees:  

To Whom It May Concern:

“In NFID efforts to keep licensees apprised of events in the State of Nevada regarding collection agency operations, please be advised Governor Sisolak’s prior directive placing a moratorium on collections has been extended until June 30, 2020. Therefore, the moratorium placed on collections has not been lifted.

For your reference, see the attached Directive 021, section 37, signed by the Governor today May 28, 2020.”

View the governor’s directive here.

ACA staff has the following informal guidance based on contact with the NFID:

Are non-collection activities that can be performed remotely allowed?

"This should be okay.”

Can agencies process payments that come in voluntarily?

“Yes, if the consumer initiates the communication/payment and they want to pay and/or have the ability to do so.”

Gov. Sisolak also granted a 90-day extension for all professional license renewals, which means renewal applications are due Sept. 1, 2020.    

For more information on how the ACA Licensing staff can assist with your licensing needs, please contact us at [email protected] or call (952) 926-6547.

This site uses cookies. By continuing to use our site, you are agreeing to our use of cookies. Review our Privacy Policy for more information. You may change your preferences on how cookies are stored by reviewing the settings on your browser.

The content on this site is presented for educational, general reference, and informational purposes only; is not intended to serve as legal or other advice; is not intended to be a full and exhaustive explanation of the law in any area; and should not replace the advice of your own legal counsel. By continuing to use our site, you are agreeing to the legal disclaimers in our Terms of Use. Review our Terms of Use for more information.

Friendly Reminder

Get continued access to ACA International’s wide array of resources, which can help you become more profitable, compliant and successful.

Renew your membership today to take advantage of tools you won’t find anywhere else:

  • Discounts on seminars, products, services and events
  • Resources to strengthen your compliance department
  • Industry-specific risk management products and services
  • Participation in ACA’s online community, The Hub
    Members-only website content
  • Professional development and training opportunities, and so much more!