| (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.
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| Source Note: The provisions of this §2.640 adopted to be effective November 26, 2001, 26 TexReg 9614; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739 |
