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Nevada Rev. Stat.
2025 Nevada Revised Statutes
Chapter 670B - Student Loan Servicers; Private Education Lenders
GENERAL PROVISIONS
Licensing
- NRS 670B.010 - Definitions.
- NRS 670B.020 - "Control person" defined.
- NRS 670B.030 - "Cosigner" defined.
- NRS 670B.040 - "License" defined.
- NRS 670B.050 - "Licensee" defined.
- NRS 670B.060 - "Nationwide Multistate Licensing System and Registry" or "Registry" defined.
- NRS 670B.070 - "Private education lender" defined.
- NRS 670B.080 - "Private education loan" defined.
- NRS 670B.090 - "Private education loan borrower" defined.
- NRS 670B.100 - "Student education loan" defined.
- NRS 670B.110 - "Student loan borrower" defined.
- NRS 670B.120 - "Student loan servicer" defined.
- NRS 670B.130 - "Student loan servicing" or "servicing" defined.
Licensing
- NRS 670B.200 - License required; exceptions.
- NRS 670B.210 - Application for license: Submission; financial statement; supporting information; fees; surety bond.
- NRS 670B.220 - Statement concerning obligation for child support required for issuance or renewal of license; suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
- NRS 670B.230 - Investigation of applicant; issuance of license.
- NRS 670B.240 - Person conducting student loan servicing pursuant to contract with United States Department of Education: Procedures for issuance of license; exemption from certain requirements; requirements upon expiration, revocation or termination of contract; provisions do not prevent Commissioner from taking certain actions.
- NRS 670B.250 - Expiration and renewal of license; filing of annual report.
- NRS 670B.260 - Commissioner authorized to take action to participate in Nationwide Multistate Licensing System and Registry; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding licensing.
- NRS 670B.270 - Submission and processing of fingerprints.
- NRS 670B.280 - Commissioner required to report certain information or material to Nationwide Multistate Licensing System and Registry; confidentiality of information or material provided; Commissioner authorized to enter into certain agreements and arrangements.
- NRS 670B.290 - Additional materials required to be submitted to Nationwide Multistate Licensing System and Registry.
- NRS 670B.300 - Licensee required to register and maintain unique identifier with Nationwide Multistate Licensing System and Registry; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry.
- NRS 670B.310 - Surrender of license: Required upon cessation of student loan servicing; notice to Commissioner; liability for acts or omissions occurring before surrender of license.
- NRS 670B.320 - Change in information provided in application for issuance or renewal of license: Notice to Commissioner required.
- NRS 670B.330 - Abandonment of application for license.
- NRS 670B.340 - Prohibition against acting under name or place not listed on license; notice to Commissioner required before change in place of business; issuance of multiple licenses to same licensee; license not transferable or assignable.
- NRS 670B.350 - Payment of assessments.
- NRS 670B.360 - Automatic suspension or refusal to issue or renew license upon dishonored payment; notice and opportunity for hearing.
- NRS 670B.370 - Fees paid are nonrefundable.
- NRS 670B.380 - Duties of student loan servicer: Response to inquiries; application of overpayment; application of partial payment; required actions upon transfer of servicing of student education loan; adoption of certain policies and procedures; evaluation for income-driven repayment program.
- NRS 670B.390 - Maintenance and availability of records concerning student education loans.
- NRS 670B.400 - Prohibited acts.
- NRS 670B.450 - Private education lender not exempt from other licensing requirements; duty of Commissioner to determine particular license required.
- NRS 670B.460 - Maintenance and accessibility of records; retention of loan file.
- NRS 670B.470 - Private education loan involving cosigner: Delivery of information to cosigner before extension of loan; requirements and prohibitions concerning release of cosigner; access of cosigner to documents and records relating to loan.
- NRS 670B.480 - Restrictions on acceleration of payments on private education loan and placement of loan or account into default; prohibited acts upon death or bankruptcy of cosigner.
- NRS 670B.490 - Duties and prohibited acts in event of total and permanent disability of private education loan borrower or cosigner.
- NRS 670B.500 - Required disclosures for private education loan used to refinance existing private education loan; flexible repayment options offered must be made available to all private education loan borrowers; provision of notice and information and establishment of policies and procedures concerning repayment and flexible repayment options.
- NRS 670B.510 - Prohibited acts.
- NRS 670B.600 - Regulations.
- NRS 670B.610 - Administration, accounting and use of money received by Commissioner; nonreversion; interest and income; claims.
- NRS 670B.620 - Authorized activities of Commissioner concerning student education loans: Monitoring and assessment of market; gathering information regarding private education lenders and student loan servicers; developing and publicizing metrics; meeting and conferring with certain governmental entities.
- NRS 670B.630 - Complaints: Submission to Commissioner for investigation; Division of Financial Institutions required to share with Office of the Attorney General.
- NRS 670B.640 - Investigations and examinations: Conduct; frequency; fees.
- NRS 670B.650 - Powers of Commissioner related to conducting examinations and investigations, sharing resources, documents, records, information and evidence and standardizing methods and procedures.
- NRS 670B.660 - Authority of Commissioner unaffected by student loan servicer or other person under examination or investigation acting or claiming to act under authority of other laws.
- NRS 670B.670 - Knowingly withholding, abstracting, removing, mutilating, destroying or secreting information related to investigation or examination prohibited.
- NRS 670B.680 - Confidentiality and disclosure of certain books, records and information obtained by Division of Financial Institutions.
- NRS 670B.690 - Denial, suspension, revocation or refusal to renew license: Authority of Commissioner; grounds.
- NRS 670B.700 - Action to restrain or prevent violation or continuance of violation of chapter.
- NRS 670B.710 - Civil action against student loan servicer or private education lender for violation of chapter; relief; treble damages.
- NRS 670B.720 - Violation of chapter may be violation of Nevada Equal Credit Opportunity Law; treble damages required in civil action against provider of student education loan that filed false information; rights, remedies and penalties are cumulative.
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