| (a) When any Texas B-On-Time borrower fails to make
as many as five monthly payments due in accordance with his or her
repayment schedule, the full amount of remaining principal and other
charges shall become due and payable immediately.
(b) When as many as six payments have been missed,
the loans will be considered to be in default, and the Office of the
Attorney General, at the request of the Commissioner, may file suit
for the unpaid balance plus court costs, attorney fees, and judgment
interest, as described in §21.130 of this title (relating to
Loan Interest).
(c) In accordance with state law, the Board will notify
the Comptroller of Public Accounts when a borrower's account has become
90 days or more past due. Until the delinquency is cured, no state
warrant other than a wage warrant will be released to the borrower.
This prevents the delinquent borrower from receiving further warrants
for state student financial aid.
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| Source Note: The provisions of this §22.341 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; amended to be effective November 22, 2020, 45 TexReg 8342 |
