49-4-507 - Noncompliance by institution.
49-4-507. Noncompliance by institution.
Should an educational institution not abide by its agreement with TSAC or should it fail to comply with all applicable state and federal regulations governing the guaranteed student loan program or the auxiliary loans to assist students program, TSAC shall cease making advances to that institution and shall recall all earlier advances as the educational loans are repaid.
[Acts 1977, ch. 282, § 1; 1983, ch. 338, § 10; T.C.A., § 49-5408.]