Section 457-619-6 - DEFERMENTDeferments during the repayment period may be granted by the Chief Executive Officer. A written request must be made to the Chief Executive Officer requesting a deferment by a borrower. The request must state the justification for the deferment and must include all supporting documentation. Deferments will be decided on a case-by-case basis. The decision of the Chief Executive Officer shall be final. Deferments may be granted for each of the following reasons:
(1) The temporary disability of the borrower;(2) The borrower's temporary inability to meet the requirements necessary to repay the loan. A temporary economic hardship may be established by providing evidence that the borrower's income is below 150% of the Federal Poverty Level as determined annually by the U.S. Department of Health & Human Services, such as proof of current receipt of: General Assistance as defined by 22 M.R.S.A. §4301(7); Supplemental Nutrition Assistance Program (SNAP) benefits through the U.S. Department of Agriculture; Temporary Assistance for Needy Families (TANF) benefits through the U.S. Department of Health & Human Services; or MaineCare benefits through the state of Maine or any successor program to any of the foregoing;(3) The demonstration of the borrower that immediate repayment of the loan will cause an undue hardship, as determined by the Chief Executive Officer;(4) Such other reasons as the Chief Executive Officer may approve. A deferment will not ordinarily be granted for a period greater than six months. Deferments may be granted for up to three months at a time, but in no event shall more than two three-month deferments be granted. Upon request of the borrower, the chief executive officer may renew any deferment on a case-by-case basis.
94- 457 C.M.R. ch. 619, § 6