Texas Administrative Code
|PART 1||TEXAS HIGHER EDUCATION COORDINATING BOARD|
|CHAPTER 21||STUDENT SERVICES|
|SUBCHAPTER E||TEXAS B-ON-TIME LOAN PROGRAM|
|RULE §21.130||Loan Interest|
There shall be no interest charged for a Texas B-On-Time Loan unless a judgment is obtained against the borrower for default in payment. If a judgment should be taken, the interest rate shall be the amount specified in §304.003 of the Texas Finance Code, (relating to Judgment Interest Rate: Interest Rate or Time Price Differential Not in Contract).
|Source Note: The provisions of this §21.130 adopted to be effective December 7, 2003, 28 TexReg 10757|
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