19 Tex. Admin. Code § 22.341

Current through Reg. 49, No. 45; November 8, 2024
Section 22.341 - Enforcement of Collection
(a) When any Texas B-On-Time borrower fails to make as many as five monthly payments due in accordance with his or her repayment schedule, the full amount of remaining principal and other charges shall become due and payable immediately.
(b) When as many as six payments have been missed, the loans will be considered to be in default, and the Office of the Attorney General, at the request of the Commissioner, may file suit for the unpaid balance plus court costs, attorney fees, and judgment interest, as described in § 21.130 of this title (relating to Loan Interest).
(c) In accordance with state law, the Board will notify the Comptroller of Public Accounts when a borrower's account has become 90 days or more past due. Until the delinquency is cured, no state warrant other than a wage warrant will be released to the borrower. This prevents the delinquent borrower from receiving further warrants for state student financial aid.

19 Tex. Admin. Code § 22.341

The provisions of this §22.341 adopted to be effective December 7, 2003, 28 TexReg 10757; transferred from 21.133 Texas Register, Volume 42, Number 20, May 19, 2017, TexReg 2739, eff. 5/22/2017; Amended by Texas Register, Volume 45, Number 47, November 20, 2020, TexReg 8342, eff. 11/22/2020