N.M. Admin. Code § 5.7.3.10

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

Section 5.7.3.10 - SELECTION OF LOAN REPAYMENT PARTICIPANTS

A. Upon receipt of application forms and supporting documentation from eligible participants, a committee will be convened by the commission staff person charged with the administration of this program to make award recommendations. Applicants will be notified within 30 days of the results of this review.

B. Preference in awarding funds will be to individuals that have graduated from a New Mexico post-secondary institution.

C. Recruitment awards will be made to eligible participants who agree to relocate to an approved practice site.

D. Retention awards will be made to eligible participants who agree to remain in an approved practice.

E. Award amounts will be dependent upon the location of the practice, the applicant's total health professional educational indebtedness, and certain characteristics of the practice; the committee may modify the amount of the awards based upon available funding or other special circumstances.

(1) No award amount may exceed the total medical educational indebtedness of any participant.

(2) Highest priority will be given to those participants in practices which are hard to fill (vacancies in excess of 12 months), practices which require after-hours call at least every other night, and those which have heavy obstetrical responsibilities.

F. Payments will be made on a quarterly basis upon receipt of a certified quarter (three months) of service which verifies that the participant is satisfactorily providing primary health care services in an approved area.

G. Payments will not be made until participants are actually providing services in their approved practice sites, and no payments will be made prior to the date of application and execution of a participation agreement.

H. Participants with consolidated loans will be asked to detail the consolidation in writing at the time of application, segregating those loan amounts which qualify under this program for repayment.

I. The program will not pay fines, penalties or other financial damages accessed as a result of delinquent payments on eligible loans, other loans or as a result of other legal action taken against participants.

N.M. Admin. Code § 5.7.3.10

7/15/98; 5.7.3.10 NMAC - Rn, 5 NMAC 7.3.10, 7/31/05, Amended by New Mexico Register, Volume XXIX, Issue 23, December 11, 2018, eff. 12/11/2018