Alabama Administrative Code
Title 280 - ALABAMA BOARD OF DENTAL SCHOLARSHIP AWARDS
Chapter 280-X-7 - REPAYMENT OF LOANS WITH CASH
Section 280-X-7-.03 - Annual Payments
Universal Citation: AL Admin Code R 280-X-7-.03
Current through Register Vol. 42, No. 11, August 30, 2024
Each annual payment will be in an amount equal to at least one-eighth (1/8) of the original total principal of the loan plus the accrued interest. In extenuating circumstances, the Board may approve a schedule of payments in which some payments are less than one-eighth (1/8) of the original total principal. The total principal amount of the loan plus all accrued interest must be repaid in full no later than the due date of the eighth annual payment.
Author:
Statutory Authority: Code of Ala. 1975, §§ 16-47-76 through 16-47-81.
Disclaimer: These regulations may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
