Sec. 56.003. AUTHORITY TO TAKE ACTION IN EVENT OF DEFAULT OR BREACH. On receipt of information from an administering entity that a person has defaulted on a student loan or has breached a student loan repayment contract or scholarship contract by failing to perform the person's service obligation under the contract, a licensing authority may:
(1) deny the person's application for a license or license renewal;
(2) suspend the person's license; or
(3) take other disciplinary action against the person.
Added by Acts 2001, 77th Leg., ch. 512, Sec. 1, eff. June 11, 2001.
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