676.260 - Remittances to creditors; written statements of account and information on account to debtor. [Effective through June 30, 2010.]

676.260  Remittances to creditors; written statements of account and information on account to debtor. [Effective through June 30, 2010.]  Each licensee shall:

      1.  Make remittances to creditors within 10 days after receipt of the monthly remittance from the debtor.

      2.  Furnish a written statement of account to the debtor at least once every 90 days. If the licensee has been doing business for more than 1 year, the Commissioner may waive the requirement of this subsection as he or she shall determine.

      3.  Provide account information to the debtor verbally when requested during normal business hours.

      (Added to NRS by 1973, 1494; A 1983, 1814; 1987, 1996; R 2009, 2001, effective July 1, 2010)