Nevada Revised Statutes 670B.070 – ‘Private education lender’ defined
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1. ’Private education lender’ means any person engaged in the business of securing, making or extending private education loans, or any holder of a private education loan.
Terms Used In Nevada Revised Statutes 670B.070
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. To the extent that state law is not preempted by federal law, the term does not include:
(a) A bank, savings bank, savings and loan association or credit union;
(b) A wholly owned subsidiary of a bank or credit union;
(c) An operating subsidiary if each owner of the operating subsidiary is wholly owned by the same bank or credit union;
(d) The Nevada System of Higher Education; or
(e) The Western Interstate Commission for Higher Education.