Petition for reduction of principal balance of stipend converted to loan because of hardship.

1. To apply for a reduction of the principal balance of a stipend that is converted to a loan pursuant to NRS 397.0645 because of hardship, a participant must submit a petition to the Commission in writing. The petition must contain the reasons and any supporting documentation for requesting the reduction. 2. If the Commission denies a petition submitted pursuant to this section, the petitioner may appeal to the Commission by submitting a request for an appeal in writing not later than 10 days after his or her receipt of the notice of denial.