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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21STUDENT SERVICES
SUBCHAPTER HTEACHER EDUCATION LOAN PROGRAM
RULE §21.200Payments to Students

(a) No payment shall be made to any student until he or she has executed a promissory note payable to the teacher education loan fund for the full amount of any authorized loan plus interest and other fees, has obtained the signature of a cosigner, and has entered into an agreement with the board to teach in an elementary or secondary school in Texas or to repay the teacher education loan on terms specified in these sections. The original of such executed promissory note shall be forwarded immediately to the commissioner.

(b) For purpose of any contract executed by the borrower, the defense that he or she was a minor at the time he or she executed a promissory note shall not be available to him or her in any action arising on said note.


Source Note: The provisions of this §21.200 adopted to be effective December 17, 1984, 9 TexReg 6126.

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