283—37.1(256) Definitions.

1. 1. Becomes obligated to repay the commission under any loan repayment program administered by the commission and fails to make an agreed payment within 30 days of the agreed due date;
2. 2. Becomes obligated to repay the commission under any forgivable loan program administered by the commission and fails to make an agreed payment within 30 days of the agreed due date; or

3. 3. Enters into a written repayment agreement with the commission and fails to make an agreed payment within 30 days of the due date stated in the repayment agreement.

   “Defaulted obligation owed” means the total amount of the debtor’s obligation, including principal and unpaid accrued interest, and may include collection costs and other allowable fees.

“Debtor” means a person who has defaulted on any obligation owed to or collected by the commission.

“Default” means that a debtor:

[ARC 9588C, IAB 10/1/25, effective 11/5/25]