Sec. 61.9816. REPAYMENT. (a) The board shall deliver any repayment made under this subchapter in a lump sum payable to:
(1) the lender and the speech-language pathologist or audiologist, in accordance with any applicable federal law; or
(2) the lender or other holder of the loan on behalf of the speech-language pathologist or audiologist.
(b) A repayment made under this subchapter may be applied to the principal amount and accrued interest of the loan.
Added by Acts 2013, 83rd Leg., R.S., Ch. 133 (S.B. 620), Sec. 1, eff. September 1, 2013.
Section: Previous 61.9806 61.9807 61.9811 61.9812 61.9813 61.9814 61.9815 61.9816 61.9817 61.9818 61.9819 61.9821 61.9822 61.9823 61.9824 NextLast modified: September 28, 2016