397.066 - Insurance as security for stipend or loan; joint liability on stipend or loan. - Nevada Statutes

397.066  Insurance as security for stipend or loan; joint liability on stipend or loan.  The three Nevada State Commissioners, acting jointly, may require:

      1.  A student to acquire, as security for a stipend or student loan, insurance on the student’s life and on the student’s health or against his or her disability, or both.

      2.  That a financially responsible person agree to be jointly liable with the recipient for the repayment of the loan or stipend.

      (Added to NRS by 1985, 847; A 2003, 942)