If the recipient of a loan fails without justifiable cause to practice medicine or dentistry in accordance with the terms of his contract, a penalty for failure to complete the contract must be imposed by the Department which at a minimum shall consist of a demand for the entire amount of the loan or scholarship benefits received plus per annum interest from the date funds were advanced to the recipient at the prevailing prime rate of the largest bank by deposits in South Carolina in effect at the time the funds were advanced plus two percent, and at a maximum shall consist of a demand for three times the entire amount of the loan benefits received, plus interest at a per annum rate equal to the then prevailing prime rate of the largest bank by deposits in South Carolina. The demand as determined by the Department must be mailed to the recipient at his last known address and shall at that time become immediately due and payable. However, where the Department determines that there is justifiable cause for the failure to practice pursuant to the terms of the contract, it may relieve the recipient of the obligation to practice according to the terms of the contract, and shall provide for repayment of the amount received, plus interest at a per annum rate equal to the then prevailing prime rate of the largest bank by deposits in South Carolina on any terms it deems proper.
Upon recommendation and request of the Department the Attorney General shall institute proceedings for the purpose of recovering any amount due the State upon breach of the contract.
HISTORY: 1962 Code Section 22-376; 1974 (58) 1983; 1985 Act No. 186, Section 1.
Structure South Carolina Code of Laws
Section 59-111-15. Tuition assistance for permanent faculty and staff.
Section 59-111-20. Free tuition for certain veterans' children.
Section 59-111-25. Scholarships exempted from mid-year budget reduction.
Section 59-111-30. South Carolina defense scholarship fund.
Section 59-111-50. Persons defaulting on certain student loans precluded from employment by State.
Section 59-111-75. College loan program for National Guard members.
Section 59-111-120. "Fireman" defined.
Section 59-111-130. "Law enforcement officer" defined.
Section 59-111-140. "Corrections officer" defined.
Section 59-111-145. "Government employee" defined.
Section 59-111-150. "State-supported college or university" defined.
Section 59-111-160. "Total disability" defined.
Section 59-111-170. Application for free tuition.
Section 59-111-180. Penalties for misrepresenting eligibility.
Section 59-111-310. "Tuition" defined.
Section 59-111-320. Persons age sixty and over may attend classes without payment of tuition.
Section 59-111-330. Rules and regulations.
Section 59-111-340. Institutions to which article applies.
Section 59-111-350. Persons attending under article not counted in computing enrollment.
Section 59-111-360. Proof of eligibility.
Section 59-111-370. Penalties for misrepresenting eligibility.
Section 59-111-510. Medical and Dental Loan Fund.
Section 59-111-520. Consideration of applications and granting of loans.
Section 59-111-530. Amounts and conditions of loans or scholarships.
Section 59-111-540. Loan contracts.
Section 59-111-560. Penalty for failure to complete contract.
Section 59-111-570. Deposits and disbursements.
Section 59-111-580. Rules and regulations.
Section 59-111-710. "Qualifying institution" or "institution" defined.
Section 59-111-760. Annual accounting of funds; reports.
Section 59-111-770. Final disbursements from fund; dissolution of fund.