Nevada Revised Statutes 353C.200 – Contract with private debt collector: Conditions; prohibitions; provisions regarding costs of and fees for collecting debt
1. Except as otherwise provided in subsection 2, if an agency has assigned a debt to the State Controller for collection pursuant to NRS 353C.195, the State Controller may enter into a contract with a private debt collector or any other person for the assignment of the collection of the debt if the State Controller:
Terms Used In Nevada Revised Statutes 353C.200
- Contract: A legal written agreement that becomes binding when signed.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
(a) Determines the assignment is likely to generate more net revenue than equivalent efforts by the State Controller to collect the debt, including collection efforts pursuant to this chapter;
(b) Determines the assignment will not compromise future collections of state revenue; and
(c) Notifies the debtor in writing at his or her address of record that the debt will be turned over for private collection unless the debtor:
(1) Pays the debt in full; or
(2) Enters into an agreement, pursuant to NRS 353C.130, for the payment of the debt on an installment basis.
2. A contract for the assignment of the collection of a debt may provide for:
(a) Payment by the State Controller to the private debt collector or other person of the costs of collection and fees for collecting the debt; or
(b) Collection by the private debt collector or other person from the debtor of the costs of collection and fees for collecting the debt.