1. A licensee shall submit with the annual
report required to be filed on or before April 15 of each year pursuant to
subsection 4 of NRS
670B.250, on a form prescribed by the
Commissioner, the following information for the immediately preceding calendar
year:
(a) A listing of the following
information in aggregate from all student education loan accounts serviced by
the licensee, along with the total number of accounts used to calculate the
information:
(1) The average annual
percentage rate.
(2) The average
amount financed.
(3) The average
finance charges.
(4) The average
dollar amount of scheduled payments.
(5) The number of accounts with a
cosigner.
(6) The average dollar
amount of payments made, with a separate identification of the average dollar
amount of full payments and the average dollar amount of partial
payments.
(7) The average
outstanding account balance.
(8)
The total number of delinquent accounts and the percentage of student loan
borrowers in delinquent status.
(9)
The average dollar amount of late fees charged to the accounts of student loan
borrowers and the percentage of student loan borrowers being charged such late
fees.
(10) A statement of any
miscellaneous fees charged to the accounts of student loan borrowers, the
average dollar amount of such miscellaneous fees charged to the accounts of
student loan borrowers and the percentage of student loan borrowers being
charged such miscellaneous fees.
(11) The total number of accounts for which
student loan borrowers are repaying private education loans.
(12) The total number of accounts for which
student loan borrowers are repaying federal education
loans.
(b) The total
number of student education loan accounts:
(1)
That were being serviced on January 1 of the calendar year, and the total
amount of such loans.
(2) That were
being serviced on December 31 of the calendar year, and the total amount of
such loans.
(3) That were paid in
full, and the total amount of such loans.
(4) That are being paid pursuant to an
income-driven repayment plan, and the total amount of such loans.
(5) For which a loan modification was
approved, and the total amount of such loans.
(6) That are being paid pursuant to a
flexible repayment plan, and the total amount of such loans.
(7) That were placed in forbearance, and the
total amount of such loans.
(8)
That were placed in default, and the total amount of such loans.
(9) That were placed in forgiveness, and the
total amount of each such loan.
(10) That were cancelled or discharged, and
the total amount of each such loan.
(11) That were assigned to a collection
agency and the name of the collection agency.
(12) For which a court action was initiated,
and the status of such accounts.
(13) For which an unfavorable payment history
of a student loan borrower was reported to a nationally recognized consumer
credit bureau.
(c) A list
of each lender and each holder of a student education loan serviced by the
licensee.
