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Rule §21.690 Loan Interest

Published: 2015

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(a) The interest rate on loans shall be determined by the Commissioner
and shall be a fixed simple interest rate.
(b) Interest begins to accrue as of the date the grant becomes
a loan, or the date the certification program was completed, whichever is
(c) Interest does not accrue during periods of eligible teaching.

Source Note: The provisions of this §21.690 adopted to be effective November 26, 2001, 26 TexReg 9614