The Coordinating Board may adjust the interest rate for a loan to be one-quarter percentage point lower than the interest rate set by the Commissioner for the loan's program if the adjusted interest rate is conditioned upon the borrower enrolling in automated payments via auto-debit, Automated Clearing House (ACH), or similar automated funds transfer processes for scheduled repayment of the loan.

Source Note:The provisions of this §24.13 adopted to be effective November 13, 2025, 50 TexReg 7276.