NRS 397.0655
Delegation of negotiation of terms of repayment.

The three Nevada State Commissioners may, by regulation, delegate to the Director of the Western Interstate Commission for Higher Education the authority to negotiate the terms of repayment, including how and when payments will be made on loans or stipends in default. The three Nevada State Commissioners may not delegate the authority to reduce the principal balance owing.

Source: Section 397.0655 — Delegation of negotiation of terms of repayment., https://www.­leg.­state.­nv.­us/NRS/NRS-397.­html#NRS397Sec0655 (accessed May 26, 2025).

397.005
“State” defined. 397.010
Execution of compact authorized 397.020
Form and contents. 397.030
Commissioners: Number 397.040
Authority of state officers 397.050
Western Regional Higher Education Compact Account: Creation 397.055
Contract with institution or state outside region. 397.060
Choice and certification of applicants 397.062
Western Interstate Commission for Higher Education’s Account for Administrative Expenses. 397.063
Western Interstate Commission for Higher Education’s Loan and Stipend Fund 397.064
Required terms of participant loans made on or after July 1, 1985 397.065
Repayment of state’s contributions for stipends by participant who received stipend before July 1, 1995. 397.066
Insurance as security for stipend or loan 397.067
Conditions under which immediate repayment of loan may be required. 397.068
Penalties for failure to comply with regulations. 397.069
Extension of period for repayment of loan or stipend. 397.070
Accounts, biennial reports and recommendations. 397.080
Signing Compact. 397.0557
Western Interstate Commission for Higher Education authorized to apply for and accept grants 397.0615
Support fee to be provided to chosen applicant 397.0617
Condition to receipt of support fee: Requirement that certain participants practice profession in health professional shortage area, medically underserved area or to benefit medically underserved population 397.0645
Period that participant must practice profession in Nevada to avoid repayment of state contributions 397.0653
Repayment of stipends received on or after July 1, 1995 397.0655
Delegation of negotiation of terms of repayment. 397.0685
Reduction of period of required practice. 397.0695
Credit on loan for professional services provided without compensation.

May 26, 2025

§ 397.0655. Delegation of negotiation of terms of repayment.'s source at nv​.us