Approval of business name required; prohibition against use of certain names, terms and forms

1. A collection agency licensed under this chapter must obtain the approval of the Commissioner before using or changing a business name.

2. A collection agency licensed under this chapter shall not: (a) Except as authorized for a debt buyer in NRS 649.075 , use any business name which is identical or similar to a business name used by another collection agency licensed under this chapter or which may mislead or confuse the public. (b) Use any printed forms which may mislead or confuse the public. (c) Use the term “credit bureau” in its name unless it operates a bona fide credit bureau in conjunction with its collection agency business. For purposes of this paragraph, “ credit bureau ” means any person engaged in gathering, recording and disseminating information relative to the creditworthiness, financial responsibility, paying habits or character of persons being considered for credit extension for prospective creditors.