Ala. Admin. Code r. 550-X-4-.01
Current through Register Vol. 43, No. 1, October 31, 2024
Section 550-X-4-.01 - Repayment With CashUnless loans are to be repaid with service, under the provisions of these rules, the following shall apply:
(a) Loan recipients shall be required to repay loans under the terms and conditions of the written agreement entered into by such recipients.(b) 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 outstanding loan amounts immediately upon such discontinuance, with simple interest at eight (8%) percent annually from the date of his or her departure or removal from medical school or a physician assistant program.(c) The Board may excuse repayment of a loan, in whole or in part, based upon the disability of the recipient, or based upon other extreme hardship not the fault of the recipient.(d) In the event of a default the Board may refer the matter to the Attorney General or to any district attorney for collection of all amounts due, pursuant to the provisions of Code of Ala. 1975, § 16-47-127(b).(e) In the event of a default the Board may refer the matter to the Alabama State Board of Medical Examiners for appropriate disciplinary action against the license of the recipient, pursuant to the provisions of Code of Ala. 1975, § 16-47-128.Ala. Admin. Code r. 550-X-4-.01
Filed September 28, 1982. Repealed and New Rule: Filed October 13, 1994; effective November 17, 1994. Repealed and New Rule: Filed May 16, 2006; effective June 20, 2006.Amended by Alabama Administrative Monthly Volume XLI, Issue No. 12, September 29, 2023, eff. 11/13/2023.Author: Wayne P. Turner
Statutory Authority:Code of Ala. 1975, §§ 16-47-121et seq.; 41-22-1et seq.