Las Vegas, NV - June 09, 2015
The State of Nevada Financial Institutions
Division (NFID) has issued an order to Cease
and Desist unlicensed activity to Collect Pros, LLC. The company is filed as a domestic
limited-liability company with the Nevada Secretary of State, but has not
applied to NFID to obtain the required license to act as a collection agency in
Nevada. The Carson City address used by the company is a resident agent address
and the company is not physically operating within the state of Nevada.
An investigation into the company
was conducted after the Division received a number of complaints from
consumers. The investigation found that
the company had engaged in the business of a collection agency by soliciting
one or more Nevada residents as well as consumers outside of Nevada via a
collection letter demanding payment.
The Division issued the May 28order that requires Collect Pros, LLC to refrain from operating and
engaging in the business of serving as a third party collection agent and
soliciting the right to collect or receive payment on behalf of a third party.
Collect Pros has 30 days to comply
with the order and request a hearing on the matter. The company is subject to an administrative
fine of $10,000 should they fail to comply with the order. A copy of the full order can be found at www.fid.state.nv.gov/New_EnforcementActions.htm.
Individuals that have received a
demand for payment from Collect Pros, LLC for a debt that is not owed or is in
dispute should contact the Financial Institutions Division to file a complaint
at www.fid.state.nv.us or (702) 486-4120.
About the Nevada Financial
Financial Institutions Division, a division of the Department of Business and
Industry is mandated to maintain a financial institutions system for the
citizens of Nevada that is safe and sound, protects consumers and defends the
overall public interest. The Division
also promotes economic development through the efficient, effective and
equitable licensing, examination and supervision of depository, fiduciary, and
non-depository financial institutions.
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