Code of Alabama
Division 2 - Scholarships.
Section 16-47-125 - Repayment Obligation May Begin Immediately Upon Discontinuation of Medical Education.

Any recipient who fails for any reason to continue his or her medical education may, at the discretion of the board, be required to repay all loan amounts immediately with simple interest of eight percent annually from the date of his or her departure or removal from medical school.

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Structure Code of Alabama

Code of Alabama

Title 16 - Education.

Chapter 47 - University of Alabama.

Article 4 - University of Alabama School of Medicine.

Division 2 - Scholarships.

Section 16-47-121 - Board of Medical Scholarship Awards - Created; Authorization to Issue Scholarships; Agreements With Loan Recipients.

Section 16-47-122 - Board of Medical Scholarship Awards - Composition; Terms of Members; Chairman.

Section 16-47-123 - Board of Medical Scholarship Awards - Powers and Duties.

Section 16-47-123.1 - Annual Administration Expenses.

Section 16-47-124 - Types of Awards.

Section 16-47-125 - Repayment Obligation May Begin Immediately Upon Discontinuation of Medical Education.

Section 16-47-126 - Repayment of Loans by Performing Certain Services.

Section 16-47-126.1 - Award Contracts in Force Prior to February 14, 1994 May Continue; Option Available to Re-Contract Under New Provisions; Additional Board Powers.

Section 16-47-127 - Agreement by Recipients to Practice in Certain Areas; Immediate Liability Upon Default; Penalty Provisions; Proceedings for Recovery of Amount Due; Death, Disability May Excuse Repayment.

Section 16-47-128 - Failure of Recipient to Perform Loan Agreement Grounds for Revocation of Medical License; Revocation Proceedings.

Section 16-47-129 - Localities in Need of Physicians.