Student loan servicing or servicing defined.
Nev. Rev. Stat. § 670B.130
in effectStudent 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.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-670B.htmlFetched: 10/4/2026