Tenn. Comp. R. & Regs. 0400-60-05-.14

Current through October 22, 2024

Section 0400-60-05-.14 - LOAN REPAYMENT

Loan recipients must amortize debt within the agreed upon term, not to exceed seven (7) years. The recipient will make one (1) payment per year in accordance with a repayment schedule provided by TDEC. The first payment date will be one (1) year from the date of the capital outlay note.

Original rules filed January 17, 2017; effective 4/17/2017. Rule renumbered from 0500-03-05.

Authority: T.C.A. §§ 4-3-510 through 4-3-515, 4-5-201 et seq., 11-1-101, and Governor Haslam's Executive Order Number 25.