NRS 353C.195 requires agencies, boards and commissions assign debts to the State Controller (SCO) for collections 60 days past due. This statute allows the Nevada SCO to centralize debt collection services for all agencies. The SCO uses various methods to maximize the collections of the debts owed to the State. These include Financial Institutions, West Publishing, Debt Offset program and private Collection Agencies.
SCO is also implementing new tools to collect debts: a wage garnishment program, and provisions of NRS 353C.1965. These will help to collect debts that are owed to the State by persons who hold professional and occupational licenses.
Chapter 353C of both the Nevada Revised Statues and Nevada Administration Code regulate accounts turned over to SCO for collection.
- Financial Institution Data Match: The SCO has contracted with Informatix, Inc. to implement a Financial Institution Data Match program. This identifies bank accounts of debtors owing money to the State of Nevada. Once SCO has located a debtor’s assets staff can then process a bank levy to collect the debt.
- West Publishing: This valuable tool updates debtor information on any accounts in our database where information is missing or outdated. This includes names, addresses and even taxpayer ID numbers.
- Debt Offset Program: Is an effective collection tool for the State to intercept payments to delinquent vendors-debtors. The SCO has the authority to apply held payment to outstanding debts. The program is authorized by NRS 353C.190, and NAC 353C.
- Private Collectors: The SCO contracted with three private collection agencies to help recover delinquent debts owed to the State. The private collection agencies collect debts for a contingency fee.
- Collect and manage past-due state receivables using private collection agencies, Debt Offset program, and Financial Institutions.
- Develop guidelines and policies and procedures to prepare the Quarterly and Year-End Accounts Receivable Reports.
- Prepare Quarterly and Year-End Accounts Receivable Reports for the State of Nevada receivables.
- Provide information, training, and technical assistance to state agencies on collection-related topics and Accounts Receivable processes.