Section 670B.Sec. 14 - NEW1. A licensee shall provide a monthly statement to each student loan borrower whose student education loans are being serviced by the licensee. The statement must clearly identify: (a) The student loan servicer and the current holder of the student education loan;(b) The date of the origination of the student education loan;(c) The outstanding balance of the student education loan;(d) The monthly payment amount;(e) The current term of the student education loan;(f) The interest rate on the student education loan;(g) Any interest and fees that were charged since the last monthly statement; and(h) Any payments received since the last monthly statement.2. For tax reporting purposes, a licensee shall also provide to each student loan borrower whose student education loans are being serviced by the licensee timely and accurate annual statements identifying loan interest paid during the immediately preceding calendar year.Nev. Admin. Code § 670B.Sec. 14
Added by R120-23A, eff. 11/15/2024