RULE §21.132 Deceased or Disabled Borrowers


Published: 2015

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(a) All loans through the Texas B-On-Time Loan Program are discharged in the event of the borrower's death or permanent and total disability. (b) Verification of death, and determination of permanent and total disability of a borrower through the Texas B-On-Time Loan Program, shall be made in accordance with student loan industry standards. (c) The final determination of permanent and total disability of a borrower shall be made by the Commissioner.

Source Note: The provisions of this §21.132 adopted to be effective December 7, 2003, 28 TexReg 10757