Compilation of Rules and Regulations of the State of Georgia
Department 268 - GEORGIA STUDENT FINANCE COMMISSION
Chapter 268-10
Subject 268-10-3 - LIMITATION, SUSPENSION, AND TERMINATION PROCEDURES
Rule 268-10-3-.05 - Emergency Action

Universal Citation: GA Rules and Regs r 268-10-3-.05

Current through Rules and Regulations filed through March 20, 2024

Immediate suspension may be imposed by a designated GHEAC official on a school or lender when it is determined that the alleged violation is of a magnitude and/or severity to create a likelihood of substantial losses to GHEAC, the U.S. Department of Education, or borrowers. The designated GHEAC official making the determination shall notify the school or lender of the suspension by certified mail, with return receipt requested, of the action and the reasons for same. The effective date of suspension shall be the date the notice is mailed. Limitations on emergency suspension action are as follows:

(a) The emergency action may not exceed 30 days unless a limitation, suspension, or termination proceeding is begun before the emergency period expires. In that event, the action may be extended until the conclusion of the process, including any appeal that may be made to GHEAC.

(b) If a limitation, suspension, or termination proceeding is begun, GHEAC shall provide the school or lender, upon request, an opportunity to demonstrate that the emergency action is unwarranted.

Ga. L. 1987 p. 564 (Ga. Code Ann. 20-3-266).

Disclaimer: These regulations may not be the most recent version. Georgia 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.