§ 30307. Effect of Termination.
5 CA ADC § 30307Barclays Official California Code of Regulations
Barclays California Code of Regulations
Title 5. Education
Division 4. California Student Aid Commission
Chapter 1. California Student Aid Commission
Article 11. Imposition of Civil Penalties, and Limitation, Suspension and Termination of Eligibility, Under the California Guaranteed Student Loan Program (CGSLP) and the California Loans to Assist Students (Clas) Program
5 CCR § 30307
§ 30307. Effect of Termination.
A termination ends the eligibility of an institution to participate in the CELP, bars the delivery by a terminated school of CELP loan proceeds, which shall be immediately returned to the lender, bars CGSL and CLAS Program CELP disbursements by a lender (or by a school lender) whether or not a guarantee was issued, and bars the guarantee of any CELP application submitted by a terminated lender or school lender.
If the emergency action has preceded the termination, then the terms of the emergency action shall be converted to a termination as set forth in this subpart.
Credits
Note: Authority cited: Section 69763, Education Code. Reference: 20 U.S.C. 1078(b)(2), 1078-2(a); 34 C.F.R. 682.401(c)(2)(ii), 683.31(c)(2)(ii); and Section 69763, Education Code.
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 5, § 30307, 5 CA ADC § 30307
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