Sec. 61.9726. REPAYMENT. (a) The board shall deliver any repayment assistance made under this subchapter in a lump sum payable to the lender and the attorney and in accordance with any applicable federal law.
(b) Repayment assistance received under this subchapter may be applied to the principal amount of the loan and to interest that accrues.
Added by Acts 2001, 77th Leg., ch. 1403, Sec. 1, eff. Sept. 1, 2001. Renumbered from Education Code Sec. 61.956 by Acts 2003, 78th Leg., ch. 1275, Sec. 2(46), eff. Sept. 1, 2003.
Structure Texas Statutes
Subtitle B - State Coordination of Higher Education
Chapter 61 - Texas Higher Education Coordinating Board
Subchapter DD. Repayment of Certain Education Loans Owed by Certain State Attorneys
Section 61.9721. Repayment Assistance Authorized
Section 61.9724. Maximum Amount of Repayment Assistance
Section 61.9725. Eligible Loans
Section 61.9727. Assistance Available to Board
Section 61.9728. Acceptance of Funds