Mich. Admin. Code R. 390.1488 - Participating school; corrective action
Rule 88.
(1) As
part of a limitation or termination proceeding, the designated official or the
executive director may require a participating school to take reasonable
corrective action to remedy a violation of applicable laws, regulations,
agreements, or limitations.
(2) The
corrective action may include payment of any funds to the authority, the
federal government, or recipients identified by the designated official.
Payment may include interest and special allowance that the lender or the
participating school improperly received, withheld, disbursed, or caused to be
disbursed.
Notes
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