Section 670B.Sec. 17 - NEW1. Not later than 5 business days after receiving a request from a student loan borrower for a payoff statement, a licensee shall provide the student loan borrower with a complete and accurate payoff statement that clearly indicates:(a) The date on which the statement was prepared;(b) The total payoff amount of the student education loan;(c) The date until which the total payoff amount remains effective; and(d) Any circumstances that could change the total payoff amount.2. If, in accordance with section 12, a student loan borrower has consented to receive electronic communications from a licensee, the licensee may provide a payoff statement to the borrower by electronic means.3. A licensee shall not charge a fee for providing a payoff statement to a student loan borrower pursuant to this section.Nev. Admin. Code § 670B.Sec. 17
Added by R120-23A, eff. 11/15/2024