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4850.0020 LOAN FORGIVENESS.

Subpart 1.

Death of borrower.

The obligation of the borrower and the cosigner to repay a SELF loan shall be forgiven upon documentation of the death of the borrower. Payments made after the borrower's death prior to the submission of a death certificate will not be reimbursed.

Subp. 2.

Total and permanent disability of borrower.

The obligation of the borrower and the cosigner to repay the SELF loan shall be forgiven upon written request to the office if the office determines that a borrower has a total and permanent disability and if the total and permanent disability of the borrower occurred after all disbursements of the loan were made. The forgiveness is effective the date the total and permanent disability documentation is approved and accepted by the office.

Statutory Authority:

MS s 136A.16

History:

32 SR 2268

Published Electronically:

July 7, 2008