§ 16-62.1-6. Penalty for failure to maintain eligibility.
In the event the authority determines that an individual is no longer eligible for the interest forgiveness on his or her loan as provided in this chapter, that individual shall be required to pay the holder of his or her loan forthwith all accrued interest and any late payment penalties which have accrued during the period of the ineligibility.
History of Section.P.L. 2001, ch. 332, § 1.
Structure Rhode Island General Laws
Chapter 16-62.1 - Nursing Loan Repayment Program
Section 16-62.1-1. - Legislative findings.
Section 16-62.1-2. - Definitions.
Section 16-62.1-3. - Interest forgiveness on loans.
Section 16-62.1-4. - Application for loan interest forgiveness.
Section 16-62.1-5. - Continued eligibility.
Section 16-62.1-6. - Penalty for failure to maintain eligibility.
Section 16-62.1-7. - Regulations.
Section 16-62.1-8. - No adverse effect on authority’s bond issues or rating.
Section 16-62.1-9. - Severability of provisions.
Section 16-62.1-10. - Termination of interest forgiveness on December 31, 2010.