The department is authorized to cancel any contract made between it and any loan recipient for any reasonable cause deemed sufficient by the department.
History: 1978 Comp., § 21-22A-9, enacted by Laws 1978, ch. 109, § 9; 1991, ch. 262, § 45; 2016, ch. 42, § 7.
The 2016 amendment, effective May 18, 2016, changed references to the commission on higher education to the higher education department; after "The", deleted "commission" and added "department", and after "between it and any", deleted "student" and added "loan recipient", after "sufficient by the", deleted "commission" and added "department".
The 1991 amendment, effective June 14, 1991, substituted "commission" for "board".
Structure 2021 New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 22A - Osteopathic Medical Student Loans
Section 21-22A-1 - Short title.
Section 21-22A-3 - Definitions.
Section 21-22A-4 - Osteopathic medical student loans; department authorized; qualifications.
Section 21-22A-5 - Delegation of duties to other state agencies.
Section 21-22A-6 - Osteopathic medical student loans; contract terms; repayment.
Section 21-22A-7 - Contracts; legal assistance; enforcement.
Section 21-22A-8 - Fund created; method of payment.