Texas Education Code - Section 56.165. Loan Disbursement
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§ 56.165. LOAN DISBURSEMENT. (a) If an eligible student
applies for a loan from a lending institution, the board shall
provide the institution a conditional guaranty of the loan, in
accordance with Section 56.170 of this code, on the board's receipt
of:
(1) the student's application to the board for a
conditional guaranty;
(2) a verification of the student's enrollment from
the institution enrolling the student;
(3) a certification from the institution enrolling the
student of the amount of tuition and fees for the student; and
(4) a certification from the lending institution that
the terms of the loan conform with the requirements of Section
56.166 of this code, including requirements adopted by the board
under that section, and that the lending institution agrees to
suspend interest on the student's loan as provided by Sections
56.168 and 56.169 of this code.
(b) If an eligible student applies for a loan from the
board, the board shall provide a loan in an amount determined by the
board to the student on the board's receipt of:
(1) the student's application to the board for a loan;
(2) a verification of the student's enrollment from
the institution enrolling the student; and
(3) a certification from the institution enrolling the
student of the amount of tuition and fees for the student.
Added by Acts 1993, 73rd Leg., ch. 75, § 1, eff. May 4, 1993.
Section: 56.144 56.145 56.147 56.161 56.162 56.163 56.164 56.165 56.166 56.167 56.168 56.169 56.170 56.171 56.201
Last modified: August 10, 2007
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