|(a) When a scholarship recipient fails to make as many
as five monthly payments due in accordance with the established repayment
schedule for a scholarship which has become a loan, the entire unpaid
balance shall become due and payable immediately.
(b) When as many as six payments have been missed,
the loan(s) 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 and attorneys' fees.
(c) Board staff shall notify the Comptroller of Public
Accounts when a recipient's loan has become 90 days or more past due,
resulting in the non-issuance of certain state warrants.
|Source Note: The provisions of this §22.172 adopted to be effective November 30, 2009, 34 TexReg 8530; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739; amended to be effective August 3, 2020, 45 TexReg 5341