676.330 - Prohibited practices. [Effective through June 30, 2010.]
676.330 Prohibited practices. [Effective through June 30, 2010.] It is unlawful for a licensee to:
1. Purchase from a creditor any obligation of a debtor.
2. Operate as a collection agent and as a licensee as to any one debtor who has incurred a debt primarily for personal, family or household purposes.
3. Execute any contract or agreement to be signed by the debtor unless the contract or agreement is fully and completely filled in and finished.
4. Receive or charge any fee in the form of a promissory note or other promise to pay, or receive or accept any mortgage or other security for any fee, either as to real or personal property.
5. Pay any bonus or other consideration to any person for the referral of a debtor to its business, nor shall it accept or receive any bonus, commission or other consideration for referring any debtor to any person for any reason.
6. Advertise its services, display, distribute, broadcast or televise or permit to be displayed, advertised, distributed, broadcast or televised its services in any manner whatsoever whereby any false, misleading or deceptive statement or representation with regard to the services to be performed by the licensee or the charges to be made therefor is made.
(Added to NRS by 1973, 1495; A 1989, 1449; R 2009, 2001, effective July 1, 2010)