Section 97930.5 - Terms of Loan Repayment(a) Loan repayments shall be made on a quarterly basis.(b) Loan repayments shall be conditioned upon the recipient providing: (1) Quarterly reports substantiating service in or through a qualified facility or in a mental health professional shortage area in California, and(2) Updated lender statements.(c) The recipient shall continue to make any required periodic payments concurrently with payments made by the Office to avoid defaulting on outstanding loans.(d) Nothing in this section shall prohibit the Office from paying a recipient directly, instead of a lender or note holder.Cal. Code Regs. Tit. 22, § 97930.5
1. New section filed 12-6-2007; operative 12-6-2007 pursuant to Government Code section 11343.4 (Register 2007, No. 49). Note: Authority cited: Sections 127010 and 127015, Health and Safety Code. Reference: Section 128454, Health and Safety Code.
1. New section filed 12-6-2007; operative 12-6-2007 pursuant to Government Code section 11343.4 (Register 2007, No. 49).