Mich. Admin. Code R. 390.1487 – Hearing. | Midpage
Rule 390.1487
Mich. Admin. Code R. 390.1487
Hearing.
(By authority conferred on the higher education assistance authority by section 5 of Act No. 77 of the Public Acts of 1960, being S390.955 of the Michigan Compiled Laws)Student Financial Services Board
(1) If a lender or participating school requests a hearing within the required 5 days before the proposed effective date of the limitation, suspension, or termination, the designated official shall schedule a hearing.
(2) The hearing date shall not be less than 15 days after receipt of the request from the lender or the participating school.
(3) A proposed limitation, suspension, or termination shall not take effect until a hearing is held.
(4) The hearing shall be conducted and a decision rendered pursuant to the provisions of chapter 4 of Act No. 306 of the Public Acts of 1969, as amended, being S24.271 et seq. of the Michigan Compiled Laws.
(5) If a termination action is brought against a lender or a participating school and the hearing officer concludes that a limitation is more appropriate, the hearing officer may issue a decision imposing 1 or more limitations on a lender or a participating school rather than terminating the lender's or the participating school's eligibility.