N.M. Admin. Code § 5.7.13.11

Current through Register Vol. 35, No. 23, December 10, 2024

Section 5.7.13.11 - RESPONSIBILITIES OF THE DEPARTMENT

A. develop program guidelines;

B. advertise the program;

C. process applications, and present a list of eligible candidates to the committee;

D. administer the loans, including:

(1) disbursing funds;

(2) keeping records on borrowers and processing of contracts;

(3) administration of and record keeping on loan repayments;

(4) record keeping on location and time of service of those student loan recipients who have completed their education and are providing teaching service in a designated shortage area in New Mexico;

(5) verification of qualification for forgiveness for service as defined in 5.7.13.13 NMAC; and

(6) preparing the following information for the teacher loan-for-service program:

(a) number of loans granted;

(b) names and addresses of borrowers;

(c) names of accredited programs attended; and

(d) names and locations of practice of those who have completed their education and have become public school teachers in New Mexico.

N.M. Admin. Code § 5.7.13.11

5.7.13.11 NMAC - N, 11/15/2001; A, 8/30/2007