Insurance as security for stipend or loan; joint liability on stipend or loan.

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The three Nevada State Commissioners, acting jointly, may require:

1. A recipient to acquire, as security for a stipend or loan, insurance on the recipient’s life and on the recipient’s health or against the recipient’s disability, or both.

2. That a financially responsible person agree to be jointly liable with the recipient for the repayment of the stipend or loan.

(Added to NRS by 1985, 847; A 2003, 942; 2015, 1512)


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