Nevada § 226.808 - Failure of qualified borrower to remit full amount due: Notice; withholding of money allotted or appropriated to borrower; exceptions
Full text of Nevada Nevada Revised Statutes § 226.808 — Failure of qualified borrower to remit full amount due: Notice; withholding of money allotted or appropriated to borrower; exceptions, with citation guidance and answers to common questions.
§ 226.808. Failure of qualified borrower to remit full amount due: Notice; withholding of money allotted or appropriated to borrower; exceptions
1. Except as otherwise provided in this section, if a qualified borrower that has
obtained a loan or other financial assistance from the Bank fails to remit in full
any amount due to the Bank on the date on which the amount is due under the terms
of any note or other loan obligation given to the Bank by the qualified borrower,
the Bank shall notify the appropriate state agencies or officers, including, without
limitation, the State Controller, who shall withhold all or a portion of any state
money or other money administered by the State and its agencies, boards and instrumentalities
that is allotted or appropriated to the qualified borrower and apply an amount necessary
to the payment of the amount due. 2. This section does not authorize the State or an agency, board or instrumentality
thereof, or the State Controller, to withhold any money allocated or appropriated
to a qualified borrower if to do so would violate the terms of: (a) An appropriation by the Legislature; (b) Any federal law; (c) A contract to which the State is a party; (d) A contract to which a governmental unit or qualified borrower is a party; (e) A judgment of a court that is binding upon the State; or (f) The provisions of NRS 387.121 to 387.12468 , inclusive, governing apportionments and allowances from the State Education Fund.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 226.808
What does Nevada Revised Statutes § 226.808 cover?
Section 226.808 ("Failure of qualified borrower to remit full amount due: Notice; withholding of money allotted or appropriated to borrower; exceptions") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 226.808?
A common citation format is "Nevada Revised Statutes § 226.808" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 226.808 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.