| (a) When a recipient of a Teach for Texas Conditional Grant
shall have failed to make six monthly payments in accordance with the promissory
note(s), then the full amount of remaining principal, interest, and/or late
charges shall immediately become due and payable. The recipient's name and
last known address and other information as requested by the Commissioner
shall be reported to the Attorney General or any county or district attorney
acting for him or her in the county of the recipient's residence or in Travis
County, unless the Attorney General shall find reasonable justification for
delaying suit and shall advise the Commissioner in writing.
(b) Upon notification by the Commissioner of default on the
loan, the educational institution shall cause the records, including transcripts
of the recipient, to become unavailable to him or her or any other person
outside the institution until the participating institution has been notified
by the Commissioner that default has been corrected.
(c) In all cases of default, the recipient shall be responsible
for the payment of principal and all accrued charges, including interest,
late charges, any collections costs incurred, court costs, and attorney fees.
|
