Texas Administrative Code
Title 19 - EDUCATION
Part 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD
Chapter 22 - STUDENT FINANCIAL AID PROGRAMS
Subchapter C - HINSON-HAZLEWOOD COLLEGE STUDENT LOAN PROGRAM
Section 22.47 - Requirements of Cosigner/Accommodation Party
Universal Citation: 19 TX Admin Code ยง 22.47
Current through Reg. 49, No. 38; September 20, 2024
(a) A cosigner/accommodation party shall:
(1) be at least 21 years of age or
older;
(2) have a regular source of
income;
(3) have received a
favorable evaluation of his/her credit report; and
(4) reside in the United States or a U.S.
territory and be a U.S. citizen or permanent resident of the United
States.
(b) A spouse may not act as the cosigner/accommodation party for the student.
(c) CAL or HELP cosigners/ accommodation parties are guarantors of payment and not of collection; it is not necessary for the Board to demonstrate that the borrower is insolvent before it may pursue collection against the cosigner/accommodation party.
Disclaimer: These regulations may not be the most recent version. Texas 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.
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