The Department may withhold a loan payment or any portion thereof when it determines in writing that a borrower has failed to comply with any loan condition, provisions of this chapter, or loan award document specification or requirement.
N.J. Admin. Code § 7:1A-2.30
See: 16 New Jersey Register 631(a), 16 New Jersey Register 1479(a).
"Withholding of funds" was formerly codified at N.J.A.C. 7:1A-2.31.