Nev. Rev. Stat. § 670B.130
“Student loan servicing” or “servicing” defined
Nevada · Nevada Revised Statutes Chapter 670B — Student Loan Servicers; Private Education Lenders · Status: effective
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- Nev. Rev. Stat. § 670B.130, “Student loan servicing” or “servicing” defined, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2144018
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“Student loan servicing” or “servicing” means:
1. Receiving any scheduled periodic payments from a student loan borrower pursuant to the terms of a student education loan or any notification that a student loan borrower made such a scheduled periodic payment and applying the payments to the account of a student loan borrower, as may be required pursuant to the terms of a student education loan or a contract governing the servicing of a student education loan;
2. During a period in which no payment is required on a student education loan, maintaining account records for a student education loan and communicating with the student loan borrower on behalf of the owner of the promissory note for the student education loan; or
3. Interacting with a student loan borrower concerning a student education loan, including activities to prevent default on the student education loan, to facilitate the activities described in subsection 1 or 2.