Texas Administrative Code
|PART 1||TEXAS HIGHER EDUCATION COORDINATING BOARD|
|CHAPTER 22||STUDENT FINANCIAL AID PROGRAMS|
|SUBCHAPTER Q||TEXAS B-ON-TIME LOAN PROGRAM|
|RULE §22.338||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 §22.338 adopted to be effective December 7, 2003, 28 TexReg 10757; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739|