12 Va. Admin. Code § 5-508-220

Current through Register Vol. 41, No. 6, November 4, 2024

Section 12VAC5-508-220 - Loan repayment contract

Prior to becoming a participant in the Virginia Physician 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 be required to (i) provide primary health care services at an approved site in an HPSA, a VMUA, or a state or local institution for a minimum period of two years or (ii) be employed in an approved geriatrics fellowship for a minimum of two years. All loan repayment program participation shall be contingent upon continuous, full-time practice in an HPSA, a VMUA, an approved geriatrics fellowship, or a state or local institution; and

3. Provide for repayment of all amounts paid, plus interest and penalties, less any service time in the event of breach of the contract;

4. Be signed by the applicant; and

5. Be signed by the commissioner or his designee.

12 Va. Admin. Code § 5-508-220

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.