Nev. Admin. Code § 397.Sec. 8

Current through October 11, 2024

Section 397.Sec. 8 - NEW

If a participant does not meet the requirements prescribed by NRS 397.0645, as amended by section 1 of Senate Bill No. 342, chapter 445, Statutes of Nevada 2023, at page 2730, the Commission shall:

1. Convert the stipend into a loan pursuant to NRS 397.0645 to be repaid in accordance with NRS 397.064; and

2. Assess a default charge which is not more than 10 percent of the total amount of the stipend.

Nev. Admin. Code § 397.Sec. 8

Added to NAC by Interstate Comm'n for Higher Education by R188-22A, eff. 1/5/2024

NRS 397.020, 397.030, 397.040, 397.064, 397.0645