397.067 - Conditions under which immediate repayment of loan may be required. - Nevada Statutes

397.067  Conditions under which immediate repayment of loan may be required.  The three Nevada State Commissioners, acting jointly, may, or may delegate to the Director of the Western Interstate Commission for Higher Education the power to, require, upon notice to a recipient of a loan, that the recipient repay the balance and any unpaid interest on the loan at once if:

      1.  An installment is not paid within 30 days after it is due;

      2.  The recipient fails to notify the three Nevada State Commissioners, within 30 days, of:

      (a) A change of name or of the address of the recipient’s home or place of practice; or

      (b) The termination of the recipient’s education or completion of his or her internship for which he or she receives the loan; or

      3.  The recipient fails to comply with any other requirement or perform any other obligation the recipient is required to perform pursuant to any agreement under the program.

      (Added to NRS by 1985, 847; A 1995, 358; 2003, 942)