N.J. Admin. Code § 9A:16-2.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 9A:16-2.4 - Procedure for loan redemption

(a) Upon completion of each full year of service, each program participant shall submit a loan distribution form to the Executive Director for the earned amount of indebtedness redemption specified in his or her contract. At the time of submission, the participant shall submit to the Executive Director a Participation Performance Report, which shall include:

1. A certification, indicating that the program participant provided primary care services for a full year, attested to by the Chief Executive Officer or Director of the applicable service site and details of the satisfactory performance of the participant at the site.

(b) Quarterly service reports indicating the number of primary care services provided by the program participant shall be submitted for each full year of service, attested to by the Chief Executive Officer or Director of the applicable service site.

(c) The Executive Director shall authorize payment to a program participant for that portion of his or her indebtedness to be forgiven as specified in his or her contract. Checks shall be made payable to the lending institution designated by the participant to ensure proper application of the payment to eligible indebtedness as defined at N.J.S.A. 18A:71C-32 et seq. If a program participant is entitled to pro-rated interest amounts, pursuant to N.J.A.C. 9A:16-2.3(f), and submits documentation to substantiate that all qualifying loans have been paid in full, then the prorated amount will be paid directly to the participant.

N.J. Admin. Code § 9A:16-2.4

Amended by 47 N.J.R. 2294(a), effective 9/8/2015

Amended by 55 N.J.R. 299(c), effective 2/21/2023