N.M. Admin. Code § 5.5.20.14

Current through Register Vol. 36, No. 1, January 14, 2025

Section 5.5.20.14 - REVISIONS IN REGULATIONS

A. Required Revisions. These regulations shall be subject to amendment, modification and revisions from time to time to conform to the same provision of the Higher Education Act or for any other purpose.

B. Prohibited Revisions. If any such amendment, modification or revision will materially adversely affect the rights of a Lender pursuant to a Loan Purchase Agreement which is then in effect or the rights of the holders of then outstanding Bonds, such amendment, modification or revision will not be effective with regard to such Loan Purchase Agreements or the holders of such Bonds.

2-28-98; 5.5.20.14 NMAC - Rn, 5 NMAC 5.20.13, 10-13-00