Civil action against student loan servicer or private education lender for violation of chapter; relief; treble damages.

Nev. Rev. Stat. § 670B.710
in effect
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1. A person who suffers damage as a result of the failure of a student loan servicer or private education lender to comply with the provisions of this chapter may bring an action on his or her own behalf and on behalf of a similarly situated class of persons against that student loan servicer or private education lender to recover or obtain: (a) Actual damages, but in no case may the total award be less than $500 per plaintiff, per violation; (b) An order enjoining the methods, acts or practices; (c) Restitution of property; (d) Punitive damages; (e) Attorney’s fees; and (f) Any other relief that the court deems proper. 2. In addition to any other remedies provided by this section or otherwise provided by law, whenever it is proven by a preponderance of the evidence that a student loan servicer or private education lender has engaged in conduct that substantially interferes with a student loan borrower’s right to a flexible payment arrangement, right to the forgiveness, cancellation or discharge of a loan or right to any other financial benefit, as established under the terms of a student loan borrower’s promissory note or under the Higher Education Act of 1965, 20 U.S.C. §§ 1071 et seq., and the regulations promulgated thereunder, the court shall award treble actual damages to the plaintiff, but in no case may the total award of damages be less than $1,500 per plaintiff, per violation.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-670B.htmlFetched: 10/4/2026