Section 612.675 - Qualifications required to receive grantsThe Administrator shall ensure that all loans made under the program are disbursed by qualified nonprofit private entities. Qualifications must be identified using information submitted by the nonprofit private entity pursuant to NAC 612.677. In determining whether a nonprofit private entity is qualified to receive a grant under the program, the Administrator may consider, without limitation:
1. The experience and past performance of the nonprofit private entity in delivering training and counseling in the areas of financial services;2. The experience and past performance of the nonprofit private entity in the management of public funds or loans;3. The ability of the nonprofit private entity to provide services on a statewide or regional basis;4. Evidence of an established lending process, including, without limitation, underwriting guidelines and collection policies and procedures for delinquent accounts;5. The length of time the nonprofit private entity has been providing financial services to the public or private sector; and6. The aging of the current loan portfolio of the nonprofit private entity.Nev. Admin. Code § 612.675
Added to NAC by Employm't Security Div. by R128-09, eff. 4-20-2010