Okla. Admin. Code § 310:526-3-5

Current through Vol. 42, No. 7, December 16, 2024

Section 310:526-3-5 - Applicant Contracts

(a) Each applicant, before being granted loan repayment assistance under the Program, shall enter into a contract with the Department agreeing to the terms and conditions upon which the aforementioned assistance shall be granted to the applicant.

(b) The participant shall fulfill all contractual obligations outlined, referenced or described in the contract.

(c) The contract shall be signed by the Commissioner, or the Commissioner's designee, on behalf of the Department, and by the applicant.

(d) The Department may file suit against any participant for any balance due the Department for any contract, or portion thereof, that is unfulfilled or breached by the participant. The Department may cancel or amend any contract made between it and the participant upon cause deemed sufficient by the Department.

Okla. Admin. Code § 310:526-3-5

Added at 24 Ok Reg 203, eff 11-1-06 (emergency); Added at 24 Ok Reg 1983, eff 6-25-07