Nevada Administrative Code
Chapter 670B
Section 670B.Sec. 16 - NEW
Universal Citation: NV Admin Code 670B.Sec. 16
Current through December 12, 2024
A licensee who services more than one student education loan for a student loan borrower shall:
1. Notify the borrower, at least annually, of the manner in which the licensee intends to allocate partial payments across multiple loans in accordance with paragraph (c) of subsection 1 of NRS 670B.380;
2. Provide an opportunity for the borrower to request the allocation of partial payments in a manner other than that which the licensee intends to use; and
3. Adhere to any alternative payment allocation requested by the borrower pursuant to subsection 2.
Added by R120-23A, eff. 11/15/2024
NRS 670B.600
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.