New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5004 - Loans
Section 5004.11 - Executive director's authority
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5004.11
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The executive director shall be authorized to approve all loans provided that such loans are made in conformity with the statute and rules and regulations.
(b) The executive director is authorized, in case of extreme hardship to the member, to waive the failure to make payment on any loan for a period of three months in addition to the three-month period allowed before default, which period, however, may not extend beyond the end of the quarter following the quarter in which the unpaid installment was due.
Disclaimer: These regulations may not be the most recent version. New York 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.
