Oklahoma Administrative Code
Title 540 - Physician Manpower Training Commission
Chapter 30 - Oklahoma Nursing Student Assistance Program
Subchapter 11 - Loan Provisions
Section 540:30-11-2 - Penalty for breach of contract
Universal Citation: OK Admin Code 540:30-11-2
Current through Vol. 42, No. 1, September 16, 2024
In the event that a loan recipient breaches the terms of the contract, he/she may be assessed liquidated damages which represent a reasonable estimate of the damage or loss of the State and/or the sponsor (if applicable). Said damages are not to exceed 100% of the principal.
Disclaimer: These regulations may not be the most recent version. Oklahoma 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.