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| TITLE 19 | EDUCATION |
|---|---|
| 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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