Ala. Admin. Code r. 610-X-16-.05 - Failure To Satisfy Conditions of Loan Repayment Program
(1) In the event that the participant
defaults on or otherwise fails to honor the loan repayment agreement with the
Board for any reason, the individual shall be liable for immediate repayment of
the total principal loan amount plus interest and penalties, as specified in
Code of Ala. 1975, §
34-21-98.
(2) The Board may excuse repayment of a loan,
in whole or part, upon the death of a participant, or upon the participant's
becoming disabled to the extent that he or she is no longer able to engage in
the practice of nursing, or upon some other extreme hardship not the fault of
the participant.
Notes
Author: Alabama Board of Nursing
Statutory Authority: Code of Ala. 1975, § 34-21-153.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.