Kan. Admin. Regs. § 28-16-116
Current through Register Vol. 43, No. 46, November 14, 2024
Upon failure of a loan recipient to pay one or more installments of the loan repayment on schedule, the governing body of the loan recipient shall be consulted by the secretary, and thereafter the governing body shall adopt charges, as set by the secretary, to be levied against users of the project. These charges shall remain in effect until the full amount of the loan, including principal and interest, has been repaid. The governing body of each loan recipient shall collect any charges established by the secretary or required by the secretary and shall expeditiously forward the collected moneys to the secretary.
Kan. Admin. Regs. § 28-16-116