53B-14-103 - Failure to receive response or payment after notice -- Authority to collect balance.
53B-14-103. Failure to receive response or payment after notice -- Authority tocollect balance.
If a written response or payment of delinquent installments is not received by the college,university, or board within 15 days from the date of receipt of the notice by the borrower, thecollege, university, or board may determine the balance due and proceed to collect the balance asprovided in Section 53B-14-106.
Enacted by Chapter 167, 1987 General Session