Nevada Extends Collection Moratorium Until June 30

On Thursday, May 28, Nevada's governor issued a declaration that outlined "Phase Two" of the state's COVID-19 reopening guidelines. The declaration lists the "when and how" directions for the reopening of certain types of businesses and community organizations. The declaration also states that any prior directive not expressly discussed in the declaration is extended to June 30—the order stopping collection activities is one of the ones not discussed.

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Nevada's governor initially provided guidance for the closure of non-essential businesses. On March 20, that guidance became an order. An update notice from the Nevada Department of Business and Industry, Financial Institutions Division clarified that collection agencies are non-essential. 

The Phase 2 declaration allows businesses such as beauty salons, breweries, mini-golf, and gaming/casinos to phase into reopening. 

insideARM Perspective

The new declaration contains several precautions that reopening busineses should take in order to protect their employees and the public. While reopening in Nevada is not yet an option for industry members, it may be an option in other states. This is by no means an exhaustive list, but it does provide a starting point and direction for businesses that are considering reopening. Below is a snip of this guidance: