Nebraska Department of Banking & Finance

01/22/2025 | News release | Distributed by Public on 01/22/2025 09:36

Notice of Application for an Installment Loan License for Portfolio Recovery Associates, LLC

Notice of Application for an Installment Loan License for Portfolio Recovery Associates, LLC
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Publication Date
Wednesday, January 22, 2025 - 12:00 pm

Notice is hereby given that Portfolio Recovery Associates, LLC, 120 Corporate Boulevard, Suite 100, Norfolk, Virginia (NMLS No. 934179) has filed an application with the Department of Banking and Finance, State of Nebraska, for an Installment Loan License in compliance with the provisions of the Nebraska Installment Loan Act. Portfolio Recovery Associates, LLC is currently licensed to operate installment loan servicing business activities in Nebraska under the Installment Loan Act at its main office at 120 Corporate Boulevard, Suite 100, Norfolk, Virginia and now seeks licensure for the following seven branch locations:

• 10680 Treena Street, Suite 500, San Diego, California, 92131, NMLS No. 2040892

• 500 West First Avenue, Hutchinson, Kansas, 67501, NMLS No. 946852

• 309 Huffman Mill Road, Suite 180, Burlington, North Carolina, 27215, NMLS No. 1694071

• 4829 Highway 45 North, Jackson, Tennessee, 38305, NMLS No. 946853

• 400 Butler Farm Road, Suite 300, Hampton, Virginia, 23666, NMLS No. 946851

• Oxygen Complex, Tower-B, Plot No. 7, Sector-144, Noida, Uttar Pradesh, India, 201304, NMLS No. 2567478

• Vector 2 Building Northgate Cyberzone, Alabang, Muntinlupa City, Metro at Manila, Philippines, 1781, NMLS No. 2551882

Objections to the application must be filed with the Nebraska Department of Banking and Finance, 1526 K Street, Suite 300, PO Box 95006, Lincoln, Nebraska, 68509, within fifteen days after the date of publication scheduled for January 22, 2025. If substantive objections to the application are filed, the application will be scheduled for hearing.

DEPARTMENT OF BANKING AND FINANCE

CONSUMER FINANCE DIVISION

Lincoln, Nebraska

FOR THE DEPARTMENT

By: Thomas Vergith, Senior Staff Attorney

PO Box 95006
1526 K St #300
Lincoln, NE 68508

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