12 Va. Admin. Code § 5-508-110

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

Section 12VAC5-508-110 - Release of information

A. Applicants shall agree to execute a release of information to allow the department access to loan records, credit information, and information from lenders necessary to verify eligibility and to determine loan repayments. To facilitate the process, applicants shall submit payment statements from each lending institution.

B. Participants who have consolidated qualifying loans with other loans shall submit upon request other documentation, such as copies of original loan applications, to verify the portion of the loan that qualifies for repayment.

C. The applicant shall submit all requested loan documentation prior to approval by the department.

12 Va. Admin. Code § 5-508-110

Derived from Virginia Register Volume 26, Issue 11, eff. March 3, 2010; Amended, Virginia Register Volume 32, Issue 20, eff. 7/15/2016.

Statutory Authority: §§ 32.1-12 and 32.1-122.6:1 of the Code of Virginia.