NRS 397.067
Conditions under which immediate repayment of loan may be required.

The three Nevada State Commissioners, acting jointly, may, or may delegate to the Director of the Nevada Office of the Western Interstate Commission for Higher Education the power to, require, upon notice to a recipient of a loan, that the recipient repay the balance and any unpaid interest on the loan at once if:

1.

An installment is not paid within 30 days after it is due;

2.

The recipient fails to notify the three Nevada State Commissioners, within 30 days, of:

(a)

A change of name or of the address of the recipient’s home or place of practice; or

(b)

The termination of the recipient’s education or practice or completion of the recipient’s internship for which the recipient receives the loan; or

3.

The recipient fails to comply with any other requirement or perform any other obligation the recipient is required to perform pursuant to any agreement under the program.

Source: Section 397.067 — Conditions under which immediate repayment of loan may be required., https://www.­leg.­state.­nv.­us/NRS/NRS-397.­html#NRS397Sec067.

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.
Last Updated

Jun. 24, 2021

§ 397.067’s source at nv​.us