E. and administer the loans, including:

1. (1) disbursing funds;
2. (2) keeping records on borrowers and processing of contracts;
3. (3) administration of and record keeping on loan repayments;
4. (4) record keeping on location and time of service of those student loan recipients who have completed their education and are providing health service in designated shortage area in New Mexico;
5. (5) verification of qualification for forgiveness for service as defined in 5.7.2.13 NMAC;

6. (6) preparing the following information for each of the loan-for-service acts:

   1. (a) number of loans granted;
   2. (b) names and addresses of borrowers;
   3. (c) names of accredited programs attended; and,

   4. (d) names and locations of practice of those who have completed their education and have become licensed/certified health practitioners in New Mexico.

      [7/15/1998, 5.7.2.11 NMAC - Rn, 5 NMAC 7.2.11, 6/29/2001; A, 5/30/2008]