Alabama Administrative Code
Title 610 - ALABAMA BOARD OF NURSING
Chapter 610-X-16 - LOAN REPAYMENT PROGRAM FOR NURSING EDUCATION
Section 610-X-16-.05 - Failure To Satisfy Conditions of Loan Repayment Program

Universal Citation: AL Admin Code R 610-X-16-.05

Current through Register Vol. 42, No. 11, August 30, 2024

(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.

Author: Alabama Board of Nursing

Statutory Authority: Code of Ala. 1975, § 34-21-153.

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