1. (a) Verification of Death or Disability. The final verification of death or determination of permanent and total disability of a borrower or cosigner shall be made by the Coordinating Board in a manner consistent with the Federal Direct Loan Program.
2. (b) Discharge of Borrower Liability. Upon final verification of the death or determination of permanent and total disability of a borrower, all loans originated by the Coordinating Board shall be discharged unless there is a judgement against the borrower.

3. (c) Discharge of Cosigner Liability.

   1. (1) Upon final verification of the death or determination of permanent and total disability of a borrower, the Coordinating Board shall release the liability of the cosigner and advise the Office of Attorney General of such if there is a judgment against the cosigner.
   2. (2) Upon final verification of the death or determination of permanent and total disability of a cosigner, the Coordinating Board shall release the liability of the cosigner and notify the Office of Attorney General of such if there is a judgment against the cosigner.
4. (d) A borrower or cosigner who provides documentation of a 100-percent disability rating from the United States Department of Veterans Affairs is considered to have a total and permanent disability for the purposes of this section.

Source Note:The provisions of this §24.15 adopted to be effective November 13, 2025, 50 TexReg 7276.