Texas Administrative Code
|PART 1||TEXAS HIGHER EDUCATION COORDINATING BOARD|
|CHAPTER 21||STUDENT SERVICES|
|SUBCHAPTER I||FUTURE TEACHER LOAN PROGRAM|
|RULE §21.241||Enforcement of Collections|
When any person who has received a loan through the Future Teacher Loan Program shall have failed or refused to make as many as five monthly payments due in accordance with an executed note, the full amount of remaining principal and accrued interest shall become due and payable immediately. When as many as six payments have been missed, the attorney general, at the request of the commissioner, shall file suit for the outstanding balance.
|Source Note: The provisions of this §21.241 adopted to be effective December 17, 1984, 9 TexReg 6130.|
Next Page Previous Page