Nevada Administrative Code
Chapter 353B - College Savings Plans of Nevada
NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM
Remittance of Payments
Section 353B.370 - Remittance of payment pursuant to contract; consequences for failure to remit

Universal Citation: NV Admin Code 353B.370

Current through December 31, 2024

1. A purchaser must remit payments pursuant to a contract on the dates and in the amounts set forth in the schedule for participation and payment provided to the purchaser by the Board.

2. If a purchaser fails to remit:

(a) A payment required pursuant to a contract within 30 days after the date the payment is due, the purchaser shall be deemed to be in default.

(b) The first payment required pursuant to a contract within 90 days after the date the payment is due, the Board may terminate the contract.

(c) All past due payments required pursuant to a contract within 180 days after the date the purchaser is deemed to be in default pursuant to paragraph (a), the Board may terminate the contract and provide to the purchaser a refund according to the terms of the master agreement.

Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd. of Trustees of College Savings Plans of Nev. by R055-09, 10-27-2009

NRS 353B.090

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.