12 Va. Admin. Code § 5-507-200

Current through Register Vol. 41, No. 10, December 30, 2024

Section 12VAC5-507-200 - Loan repayment contract

Prior to becoming a participant in the nursing loan repayment program, the applicant shall enter into a contract with the commissioner agreeing to the terms and conditions upon which the loan repayment is granted. The contract shall:

1. Include the terms and conditions to carry out the purposes and intent of this program;

2. Provide that the participant shall provide full-time nursing services as an RN, LPN, or CNA in a long-term care facility in the Commonwealth for a minimum period of one year;

3. Provide for repayment of all amounts paid by the board, plus interest and penalties, less any service time if the participant is found to be in breach of contract;

4. Be signed by the applicant;

5. Be signed by the commissioner or his designee ; and

6. Include other provisions as the commissioner may deem appropriate.

12 Va. Admin. Code § 5-507-200

Derived From Virginia Register Volume 32, Issue 21, eff. 7/13/2016.

Statutory Authority: §§ 32.1-12, 32.1-122.6:01, and 54.1-3011.2 of the Code of Virginia.