Financial Investigations and Asset Searches Flashcards

When conducting an asset search in Nevada, which public record source is most useful for locating real property owned by a subject?

Answer: County Assessor's Office records

County Assessor's Office records are the primary public source for identifying real property ownership in Nevada.

Under Nevada law, a private investigator conducting a financial investigation must obtain a subject's bank account records through which legal method?

Answer: A valid court subpoena or authorization from the account holder

Financial account records are protected and can only be legally obtained via court subpoena or with the account holder's written consent.

Which of the following is a legal source a licensed Nevada PI may use to locate a subject's vehicle ownership information?

Answer: Nevada DMV records via a permissible purpose request

Nevada DMV records may be accessed by licensed investigators for permissible purposes as defined under the Driver's Privacy Protection Act (DPPA).

What federal law restricts a private investigator's access to consumer credit reports?

Answer: Fair Credit Reporting Act (FCRA)

The FCRA limits who may obtain consumer credit reports to those with a permissible purpose, such as employment screening or credit transactions.

When documenting findings from an asset search for a client, a PI should always:

Answer: Include only verified, source-cited information in the written report

Reports must reflect only verified facts with clear source citations to maintain accuracy and protect both the PI and client legally.

A Nevada-licensed PI discovers during a financial investigation that a client's subject may be committing bank fraud. The PI's primary obligation is to:

Answer: Report findings to the client and advise them to consult an attorney

A PI's duty is to the client; the PI should report findings and recommend the client seek legal counsel for any potential criminal referrals.