Nev. Admin. Code § 226.Sec. 12

Current through November 8, 2024

Section 226.Sec. 12 - NEW

1. In consultation with the Office of the Attorney General, the State Treasurer will develop an agreement for repayment of student education loans, which must be executed before a provider of health care may receive repayment of student education loans under the Program.

2. The State Treasurer will include in the agreement developed pursuant to subsection 1 provisions:

(a) Requiring that, as a condition of receiving repayment of student education loans under the Program, the provider of health care engage in clinical practice in an underserved community for not less than 5 years;

(b) Requiring each repayment of student education loans under the Program to be disbursed, on behalf of the provider of health care, directly to the servicer or lender of the student education loans of the provider of health care;

(c) Requiring repayments of student education loans to be disbursed in equal annual payments over a period of 5 years;

(d) Requiring the provider of health care to notify the State Treasurer if:

(1) The provider of health care changes his or her residence or location at which he or she practices as a provider of health care;

(2) The provider of health care ceases to practice as a provider of health care in this State;

(3) A regulatory body of this State or any other jurisdiction imposes a disciplinary action against the provider of health care; or

(4) The provider of health care is no longer actively licensed, certified or registered in good standing to practice as a provider of health care in this State;

(e) Requiring the provider of health care to repay any money disbursed under the Program for the repayment of his or her student education loans if the State Treasurer determines that the provider of health care:

(1) Submitted untrue, fraudulent or misleading information to the State Treasurer in connection with the Program; or

(2) Received a repayment of student education loans under the Program for which the provider of health care was not eligible; and

(f) Establishing the circumstances under which the State Treasurer will terminate the agreement and the eligibility of the provider of health care to receive repayment of student education loans under the Program.

Nev. Admin. Code § 226.Sec. 12

Added by R081-23A, eff. 6/7/2024

section 8 of Assembly Bill No. 45, chapter 265, Statutes of Nevada 2023, at page 1769 (NRS 226.462)