Section 22.52 - Disbursements to Students(a) No disbursement shall be made to any student until he or she has executed a promissory note payable to the program for the full amount of any loan plus interest and other authorized fees. In addition, for CAL loans, a cosigner's signature may be also required in accordance with the provisions of § 22.46(a)(8) of this title (relating to Eligibility of Students).(b) The original of such executed promissory note shall be forwarded to the Board immediately.(c) For the purposes of any promissory note executed by a borrower, the defense that he or she was a minor at the time he or she executed a note shall not be available to him or her in any action arising on the note.19 Tex. Admin. Code § 22.52
The provisions of this §22.52 adopted to be effective May 22, 2003, 28 TexReg 3950; amended to be effective May 16, 2006, 31 TexReg 3872; amended to be effective May 21, 2008, 33 TexReg 3939; transferred from 21.61 Texas Register, Volume 42, Number 20, May 19, 2017, TexReg 2739, eff. 5/22/2017; Amended by Texas Register, Volume 44, Number 48, November 29, 2019, TexReg 7381, eff. 12/5/2019