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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 22STUDENT FINANCIAL AID PROGRAMS
SUBCHAPTER JFUTURE OCCUPATIONS & RESKILLING WORKFORCE ADVANCEMENT TO REACH DEMAND (FORWARD) LOAN PROGRAM
RULE §22.188Enforcement of Collection

When any borrower or cosigner fails or refuses to make as many as five monthly payments due in accordance with an executed note through the Program, the full amount of remaining principal, accrued interest, and other charges shall become due and payable immediately. When as many as six payments have been missed, the loan will be considered in default, and the Office of the Attorney General may file suit for the outstanding balance.


Source Note: The provisions of this §22.188 adopted to be effective January 1, 2023, 47 TexReg 8983

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