Section 457-604-I - DefinitionsA. Reference to Statutory Definitions. Certain terms used in this rule which are defined in the Finance Authority of Maine Act, 10 M.R.S.A. §961 et seq., shall have the meanings set forth in the Act, unless clearly specified otherwise or unless the context clearly indicates otherwise.B. Defined Terms 1. Annual Report. "Annual report" means a report submitted annually by a loan recipient to the Authority on a form prepared by the Authority,, containing such information as the Authority deems necessary or appropriate for the effective administration of the program. Acceptance of a loan by a recipient constitutes the agreement of the recipient to submit such annual report.2. Authority. "Authority" means the Finance Authority of Maine.3. Chief Executive Officer. "Chief executive officer" means the chief executive officer of the Authority or any employee working under the supervisory control of the chief executive officer.4. Conclusion of Professional Education. "Conclusion of professional education" means completion of graduate school, post-graduate programs, and/or obligated service.5. First Time Applicant. "First Time Applicant" means an applicant receiving a loan for the first time. A person who, receives a loan after previously applying for and being denied a loan shall be a First Time Applicant.6. Indebtedness. "Indebtedness" means the total amount of money borrowed by the loan recipient from the Osteopathic Loan Fund and any interest accrued thereon.7. Notarized. "Notarized" means having appeared and made oath or affirmation as to the truth of the contents of any document or form submitted to the Authority pursuant to this rule, before a person authorized to administer oaths.8. Obligated service. "Obligated service" meansa. An Armed Forces service obligation incurred in return for financial assistance provided during undergraduate and graduate education;b. An obligation incurred for internship or residency training in the Armed Forces of the United States;c. An obligation for compulsory national service required by an Act of Congress; ord. An obligation to perform public health service.9. Postgraduate programs. "Postgraduate programs" means continuing education in a classroom, laboratory, clinical or practice setting enhancing the applicant's professional capabilities including an internship in an accredited rotating internship, residency leading to board eligibility in a specialty, a preceptorship in an accredited nonhospital based postdoctoral program in which the preceptee works with a certified specialist in a clinic in a program leading to board eligibility in a specialty and fellowships leading to board eligibility in a specialty.10. Repayment Period. "Repayment period" means the period of time following completion of professional education or upon withdrawal from school during which the student will repay either through return service or cash repayment the amount of money owed to the Authority.11. Resident. "Resident" means a person who has resided in the State for a minimum of three years for other than education purposes.12. Return Service. "Return Service" means service of a loan recipient which gives rise to forgiveness of any portion of the indebtedness.13. Underserved Area. "Underserved Area" means an underserved geographic area, underserved specialty area, underserved population group or any combination of these in the State as designated by the Department or Agency of the State authorized to make such designation.94-457 C.M.R. ch. 604, § I