Section 670B.Sec. 23 - NEW1. A licensee shall submit with the annual report required to be filed on or before April 15 of each year pursuant to subsection 4 of NRS 670B.250, on a form prescribed by the Commissioner, the following information for the immediately preceding calendar year: (a) A listing of the following information in aggregate from all student education loan accounts serviced by the licensee, along with the total number of accounts used to calculate the information: (1) The average annual percentage rate.(2) The average amount financed.(3) The average finance charges.(4) The average dollar amount of scheduled payments.(5) The number of accounts with a cosigner.(6) The average dollar amount of payments made, with a separate identification of the average dollar amount of full payments and the average dollar amount of partial payments.(7) The average outstanding account balance.(8) The total number of delinquent accounts and the percentage of student loan borrowers in delinquent status.(9) The average dollar amount of late fees charged to the accounts of student loan borrowers and the percentage of student loan borrowers being charged such late fees.(10) A statement of any miscellaneous fees charged to the accounts of student loan borrowers, the average dollar amount of such miscellaneous fees charged to the accounts of student loan borrowers and the percentage of student loan borrowers being charged such miscellaneous fees.(11) The total number of accounts for which student loan borrowers are repaying private education loans.(12) The total number of accounts for which student loan borrowers are repaying federal education loans.(b) The total number of student education loan accounts:(1) That were being serviced on January 1 of the calendar year, and the total amount of such loans.(2) That were being serviced on December 31 of the calendar year, and the total amount of such loans.(3) That were paid in full, and the total amount of such loans.(4) That are being paid pursuant to an income-driven repayment plan, and the total amount of such loans.(5) For which a loan modification was approved, and the total amount of such loans.(6) That are being paid pursuant to a flexible repayment plan, and the total amount of such loans.(7) That were placed in forbearance, and the total amount of such loans.(8) That were placed in default, and the total amount of such loans.(9) That were placed in forgiveness, and the total amount of each such loan.(10) That were cancelled or discharged, and the total amount of each such loan.(11) That were assigned to a collection agency and the name of the collection agency.(12) For which a court action was initiated, and the status of such accounts.(13) For which an unfavorable payment history of a student loan borrower was reported to a nationally recognized consumer credit bureau.(c) A list of each lender and each holder of a student education loan serviced by the licensee.2. At any other time the Commissioner deems necessary, the Commissioner may request additional information pursuant to the provisions of this chapter or NRS 670B.620.3. The filing of an annual report pursuant to subsection 4 of NRS 670B.250 and the submission of the information required by subsection 1 does not preclude the Commissioner from requesting identical or similar information in the course of an examination or investigation of a licensee.Nev. Admin. Code § 670B.Sec. 23
Added by R120-23A, eff. 11/15/2024