Nevada Revised Statutes 649.095 – Application for license: Contents; examination of applicant; submission of financial statement; withdrawal of application
1. An application for a license must be in writing and filed with the Commissioner on a form provided for that purpose.
Terms Used In Nevada Revised Statutes 649.095
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
2. The application must state:
(a) The name of the applicant and the name under which the applicant does business or expects to do business.
(b) The address of the applicant’s business and residence, including street and number.
(c) The character of the business sought to be carried on.
(d) Except as otherwise provided in this paragraph, the locations by street and number where the business will be transacted, including, without limitation, the location of any branch office. The application is not required to include any remote location from which a collection agent will work.
(e) In the case of a firm or partnership, the full names and residential addresses of all members or partners and the name and residential address of the compliance manager.
(f) In the case of a corporation or voluntary association, the name and residential address of each of the directors and officers and the name and residential address of the compliance manager.
(g) Any other information reasonably related to the applicant’s qualifications for the license which the Commissioner determines to be necessary.
(h) If the applicant plans to have one or more collection agents work from a remote location, evidence that the applicant is able to comply with the provisions of NRS 649.310 to 649.313, inclusive.
(i) All information required to complete the application.
3. The application must be subscribed by the applicant and acknowledged.
4. Every applicant may be examined concerning the applicant’s competency, experience, character and qualifications by the Commissioner or the Commissioner’s authorized agent, and if the examination reveals that the applicant lacks any of the required qualifications, issuance of the license must be denied. Every application must have attached to it a financial statement showing the assets, liabilities and net worth of the applicant.
5. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 6 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if an applicant otherwise withdraws an application, the Commissioner may not issue a license to the applicant unless the applicant submits a new application and pays any required fees.