Texas Administrative Code
Title 19 - EDUCATION
Part 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD
Chapter 22 - STUDENT FINANCIAL AID PROGRAMS
Subchapter Q - TEXAS B-ON-TIME LOAN PROGRAM
Section 22.338 - Loan Interest
Universal Citation: 19 TX Admin Code ยง 22.338
Current through Reg. 49, No. 38; September 20, 2024
There shall be no interest charged for a Texas B-On-Time Loan unless a judgment is obtained against the borrower for default in payment. If a judgment should be taken, the interest rate shall be the amount specified in § 304.003 of the Texas Finance Code, (relating to Judgment Interest Rate: Interest Rate or Time Price Differential Not in Contract).
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