397.066 - Insurance as security for stipend or loan; joint liability on stipend or loan.
397.066 Insurance as security for stipend or loan; joint liability on stipend or loan. The three Nevada State Commissioners, acting jointly, may require:
1. A student to acquire, as security for a stipend or student loan, insurance on the student’s life and on the student’s health or against his or her disability, or both.
2. That a financially responsible person agree to be jointly liable with the recipient for the repayment of the loan or stipend.
(Added to NRS by 1985, 847; A 2003, 942)