Ala. Admin. Code r. 550-X-3-.03 - Renewal Of Loans

Loans shall be automatically renewed for a total of four (4) years for medical students and three (3) years for physician assistant students, contingent upon funds being available, provided, however, each recipient shall execute a new contract each year and shall certify, annually, that his or her financial condition and needs have not changed since the original loan was made.

Notes

Ala. Admin. Code r. 550-X-3-.03
Filed September 28, 1982. Repealed and New Rule: Filed October 13, 1994; effective November 17, 1994. Repealed and New Rule: Filed May 16, 2006; effective June 20, 2006. Amended by Alabama Administrative Monthly Volume XLI, Issue No. 12, September 29, 2023, eff. 11/13/2023.

Rule was previously 550-X-1-.04 and renumbered 550-X-1-.03 as per certification filed May 16, 2006; effective June 20, 2006.

Author: Wayne P. Turner

Statutory Authority: Code of Ala. 1975, ยงยง 16-47-121 et seq.; 41-22-1 et seq.

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