PILB Financial Investigations and Asset Searches 2

Question 1

Which Nevada Revised Statute chapter governs the licensing of private investigators and related professions?

Accepted Answer

NRS Chapter 648

Answer

NRS Chapter 648 establishes the regulatory framework for private investigators, including licensing requirements and prohibited conduct.

Question 2

A PI is hired to trace assets of a debtor following a civil judgment. Which government repository provides UCC (Uniform Commercial Code) lien filings in Nevada?

Accepted Answer

Nevada Secretary of State

Answer

UCC financing statements and lien filings are recorded with the Nevada Secretary of State and are publicly searchable.

Question 3

When tracing hidden assets, a PI legally reviews a subject's social media profiles and finds posts showing expensive vacations. This evidence is best characterized as:

Accepted Answer

Circumstantial evidence suggesting undisclosed income or assets

Answer

Publicly visible social media posts are legally observable and can serve as circumstantial evidence, though they require corroboration for legal proceedings.

Question 4

In a Nevada asset search, probate court records may reveal:

Accepted Answer

Assets inherited or bequeathed by the subject

Answer

Probate records list estate assets and beneficiaries, making them useful for tracing inherited property or wealth.

Question 5

A PI uses pretexting — calling a bank while posing as the account holder — to obtain a subject's balance. This action is:

Accepted Answer

A criminal violation of the Gramm-Leach-Bliley Act and grounds for license revocation

Answer

Pretexting to obtain financial information is a federal crime under the Gramm-Leach-Bliley Act and violates PILB ethical standards.

PILB - Private Investigators Licensing Board Practice Test

PILB - Private Investigators Licensing Board Practice Test

PILB Financial Investigations and Asset Searches 2