Ill. Admin. Code tit. 23 § 2790.90

Current through Register Vol. 48, No. 52, December 27, 2024

Section 2790.90 - Limitation

A limitation may include, as appropriate to the program in question:

a) a limit on the number or percentage of students enrolled in an educational institution who may receive ISAC administered funds;

b) a limit on the guaranteed loans that a lending institution may make, purchase or hold;

c) a requirement that an institution obtain and continue to hold in force and effect a bond, in a specified amount, to assure its ability to meet its financial obligations to students who receive ISAC funds; or

d) such other conditions as may be determined to be reasonable and appropriate.

Ill. Admin. Code tit. 23, § 2790.90

Amended at 21 Ill. Reg. 11148, effective July 18, 1997