Nevada § 353C.200 - Contract with private debt collector: Conditions; provisions regarding costs of and fees for collecting debt

§ 353C.200. Contract with private debt collector: Conditions; 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: (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.