reglab/housing_qa huggingface dataset:
NJ Rev Stat § 18A:71C-22 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-22 - College loans to assist State Students Loan Fund.

18A:71C-22 College loans to assist State Students Loan Fund.  18A:71C-22 College loans to assist State Students Loan Fund. a. The authority shall establish and maintain a special fund called the "New Jersey College Loans to Assist State Students (NJCLASS) Loan Fund" in which there shall be deposited: (1) all funds received by the authority from the sale of State bonds as provided by law; (2) all moneys appropriated by the State for the purpose of the fund; (3) all funds contributed to the authority by private sources, to be used for the purposes of this article; and (4) any other moneys or funds of the authority, including the proceeds of bonds, bond anticipation notes, and other obligations issued by the authority, which it determines to deposit therein. Moneys in the NJCLASS Loan Fund shall be held and applied to make loans pursuant to this article and to pay for the costs of administering the NJCLASS Loan Program. b. The sum total of all funds on deposit in the NJCLASS Loan Fund shall be maintained in the amount determined by the authority to be necessary to fulfill its responsibilities as set forth in this article. c. Moneys in the NJCLASS Loan Fund at any time in excess of the NJCLASS Loan Program requirements, whether by reason of investment or otherwise, may be withdrawn at any time by the authority and transferred to any other fund or account of the authority. d. Moneys at any time in the NJCLASS Loan Fund may be invested in any direct obligations of, or obligations as to which the principal and interest thereof is guaranteed by, the United States of America or such other obligations as the authority may approve. L.1999,c.46,s.1.
NJ Rev Stat § 18A:71C-23 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-23 - Eligible borrower.

18A:71C-23 Eligible borrower.  18A:71C-23. Loans under the NJCLASS Loan Program may be made to eligible borrowers. An eligible borrower is an eligible student or any parent or legal guardian providing financial support for a dependent eligible student. The authority shall set maximum loan amounts for each participant based on such factors as the cost of attending the particular institution, family income, value of family assets or other factors the authority may consider relevant. The loans may be secured by such endorsement, co-maker's collateral or other security as may be required by rules and regulations established by the authority. When considering an application, the authority shall use appropriate documents to verify the financial information provided by an eligible borrower or cosigner. The documents that the authority may use to verify the financial information may include, but need not be limited to, certification by the applicants, recent federal income tax returns, current pay stubs, and current bank statements. amended 2017, c.198, s.1.
NJ Rev Stat § 18A:71C-24 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-24 - Eligible institution.

18A:71C-24 Eligible institution.  18A:71C-24. Eligible Institution. Unless restricted by the authority by regulations, "eligible institution" means, for the purposes of this article only, an institution of higher education licensed by the appropriate agency or department and accredited or preaccredited by a nationally recognized accrediting association. Eligible institutions shall also include certain proprietary institutions but only for degree granting programs approved by the commission or for other proprietary institutions as determined by the authority. L.1999,c.46,s.1.
NJ Rev Stat § 18A:71C-25 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-25 - Maximum loan amounts.

18A:71C-25 Maximum loan amounts.  18A:71C-25. a. The authority shall establish maximum annual loan amounts and maximum total loan amounts which may be made under the NJCLASS Loan Program; however, the amount of a NJCLASS Loan Program loan may not exceed, in combination with other financial aid, the total education costs of attending an eligible institution as determined by that institution. b. In the case of a student borrower who first borrows under the NJCLASS Loan Program after the effective date of P.L.2017, c.198, the maximum total loan amount which may be made shall not exceed $150,000. The amount of the borrowing cap shall be increased for each academic year over the prior year by the regression-based index value of the Higher Education Price Index. The borrowing cap shall not apply to loans that are consolidating or refinancing existing loans. c. When establishing the maximum annual loan amount for a student borrower, the authority shall deduct the maximum amount of federal Direct Subsidized Loans available to the student from the available NJCLASS loan amount. If the available interest rate for federal Direct Unsubsidized Loans is lower than the interest rate available to the student under the NJCLASS Loan Program, the authority shall deduct the maximum amount of federal Direct Unsubsidized Loans available to the student from the available NJCLASS loan amount. amended 2017, c.198, s.2.
NJ Rev Stat § 18A:71C-26 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-26 - Accrual of interest; payment.

18A:71C-26 Accrual of interest; payment.  18A:71C-26. Accrual of Interest; Payment. Interest on each NJCLASS Loan Program loan shall accrue from the date of the making of the loan; however, the payment of the principal or the interest or both may be deferred until a time or times determined by the authority. The rate of interest on each loan shall be determined by the authority. L.1999,c.46,s.1.
NJ Rev Stat § 18A:71C-27 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-27 - Student eligibility.

18A:71C-27 Student eligibility.  18A:71C-27. Student Eligibility. a. Unless otherwise restricted by the authority by regulation, an eligible student under the NJCLASS Loan Program shall: (1) be a New Jersey resident enrolled on at least a part-time basis as an undergraduate or graduate student in an eligible institution in New Jersey; or (2) be a New Jersey resident enrolled on at least a part-time basis as an undergraduate or graduate student in an eligible institution outside of New Jersey; or (3) reside outside the State and be enrolled on at least a part-time basis as an undergraduate or graduate student in an eligible institution in New Jersey. b. To be eligible for a NJCLASS loan financed in whole or in part by qualified student loan bonds, as described under section 144(b) of the Federal Internal Revenue Code of 1986, 26 U.S.C.s.144(b), the student in addition to meeting the requirements of subsection a. of this section, shall meet the eligibility criteria described in section 144(b) of the Federal Internal Revenue Code of 1986, 26 U.S.C.s.144(b), or not be in violation of any other criteria which would result in the bonds no longer to be qualified under section 144(b) of the Federal Internal Revenue Code of 1986, 26 U.S.C.s.144(b). L.1999,c.46,s.1.
NJ Rev Stat § 18A:71C-28 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-28 - Limitations on program; fees.

18A:71C-28 Limitations on program; fees.  18A:71C-28. Limitations on Program; Fees. a. The authority may limit the number of students who receive NJCLASS Loan Program loans for attendance at any educational institution with a default rate exceeding the standard which will be set by the authority. b. The authority may place a limitation upon the number of NJCLASS Loan Program loans made pursuant to this article, if, in its judgment, a limitation is necessary to preserve the fiscal viability of the fund. c. The authority may establish and collect a fee, to be paid by each eligible borrower under the NJCLASS Loan Program to assist in the support of the administration of the NJCLASS Loan Program by the authority and to assist in covering the cost of loan defaults. L.1999,c.46,s.1.
NJ Rev Stat § 18A:71C-29 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-29 - Certain actions prohibited concerning NJCLASS loans.

18A:71C-29 Certain actions prohibited concerning NJCLASS loans.  18A:71C-29. a. Unless expressly limited to federal programs, the information exchange, wage withholding, collection procedures, repayment determinations, and other provisions set forth under article 1 of this part shall apply to the NJCLASS Loan Program. b. Notwithstanding any provision of law to the contrary, in the case of any NJCLASS loan in default status, the authority shall not refer any borrower to the Department of the Treasury, Division of Taxation for Set-Off of Individual Liability or notify the department and the Division of the State Lottery to withhold a borrower's winnings pursuant to section 5 of P.L.1997, c.306 (C.5:9-13.14) if the authority and borrower have entered into a settlement agreement . c. Notwithstanding any provision of law to the contrary, any entity designated in section 2 of P.L.1978, c.73 (C.45:1-15), or any principal department in the Executive Branch of State government or any division, board, bureau, office, commission, or other instrumentality within or created by such a department, or any other entity created to license or otherwise regulate a profession or occupation, issuing any license, certification, or registration, shall not define a borrower's delinquent or default status on an NJCLASS loan as the basis for the denial, suspension, or revocation of the borrower's professional or occupational license, certification, or registration. L.2019, c.386, s.1.
NJ Rev Stat § 18A:71C-30 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-30 - Act not to affect higher education student assistance fund.

18A:71C-30 Act not to affect higher education student assistance fund.  18A:71C-30. Act Not to Affect Higher Education Student Assistance Fund. Nothing in this article shall be construed to limit the power of the authority to establish and maintain the Higher Education Student Assistance Fund or to alter the terms and conditions of loans made to students under that fund. L.1999,c.46,s.1.
NJ Rev Stat § 18A:71C-31 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31 - Falsely securing State loan; crime.

18A:71C-31 Falsely securing State loan; crime.  18A:71C-31. Falsely Securing State Loan; Crime. Any person who, having obtained a State loan under this act, solicits, applies for, or accepts another such loan, except as specifically authorized in this act, and any person who knowingly or willfully furnishes any false or misleading information for the purpose of obtaining a loan, or of enabling another to obtain a loan, under this act, shall be guilty of a crime of the fourth degree. L.1999,c.46,s.1.
NJ Rev Stat § 18A:71C-31.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31.1 - Discharge of student loan in case of death of borrower.

18A:71C-31.1 Discharge of student loan in case of death of borrower.  1. a. In the event of the death of an eligible student borrower under the NJCLASS Loan Program, the authority shall fully discharge the obligation of the student borrower and a parent or guardian who cosigned the loan. b. The executor or administrator of the student borrower's estate shall provide written notification to the authority of the student borrower's death and shall provide the authority with a certified copy of the death certificate within 120 days of the student borrower's death. L.2016, c.71, s.1.
NJ Rev Stat § 18A:71C-31.2 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31.2 - Discharge of student loan in case of total, permanent disability of borrower.

18A:71C-31.2 Discharge of student loan in case of total, permanent disability of borrower.  2. a. In the event that an eligible student borrower under the NJCLASS Loan Program becomes totally and permanently disabled, the authority shall fully discharge the obligation of the student borrower and a parent or guardian who cosigned the loan. To qualify for the loan discharge the student borrower shall provide the authority with a written statement from a physician, who is a doctor of medicine or osteopathy and is legally authorized to practice, certifying that the student borrower is totally and permanently disabled. b. As used in this section, "totally and permanently disabled" means the condition of a student borrower who is unable to work and earn money or attend school because of an injury or illness that is expected to continue indefinitely or result in death. A student borrower shall be considered totally and permanently disabled even if the student borrower continues to receive an equal or greater amount of income from the source of income that was used to meet the minimum income requirements at the time the loan was approved.  L.2016, c.71, s.2.
NJ Rev Stat § 18A:71C-31.3 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31.3 - Deferment of student loan payments due to temporary total disability.

18A:71C-31.3 Deferment of student loan payments due to temporary total disability.  3. a. In the event that an eligible student borrower under the NJCLASS Loan Program becomes temporarily totally disabled, the authority shall grant a deferment of payment of loan principal and interest. To qualify for the loan deferment, the student borrower shall provide the authority with a written statement from a physician, who is a doctor of medicine or osteopathy and is legally authorized to practice, certifying that the student borrower is temporarily totally disabled. The deferment shall begin on the date that the student borrower's temporary total disability is certified to begin and shall end on the date that the eligible student's temporary total disability is certified to end. Interest on the loan shall not accrue during the period of deferment. b. As used in this section, "temporary total disability" means that the student borrower is unable to work and earn money or attend school during the period needed to recover from the injury or illness. A student borrower shall be considered temporarily totally disabled even if the student borrower continues to receive an equal or greater amount of income from the source of income that was used to meet the minimum income requirements at the time the loan was approved. L.2016, c.71, s.3.
NJ Rev Stat § 18A:71C-31.4 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31.4 - Repayment Assistance Program.

18A:71C-31.4 Repayment Assistance Program.  1. a. In order to assist borrowers who are facing economic hardships, the Higher Education Student Assistance Authority shall establish a Repayment Assistance Program for new loans originated under the Standard New Jersey College Loans to Assist State Students (NJCLASS) Loan Program beginning with the 2017-2018 academic year. Under the Repayment Assistance Program, eligible borrowers shall pay a reduced monthly loan payment equal to 10 percent of the total of the aggregate household income of all of the parties to the loan that exceeds 150 percent of the federal poverty guidelines, with a minimum monthly payment of $5. b. Subject to the limits of funding made available pursuant to section 3 of this act, a borrower shall be eligible to participate in the Repayment Assistance Program for a period not to exceed two years. During the period of participation in the Repayment Assistance Program, the authority shall pay the interest on the NJCLASS loan at the stated loan rate and the payments made by the borrower shall be applied to reduce the principal balance of the loan. At the end of the borrower's participation in the Repayment Assistance Program, the new monthly repayment amount shall be recalculated based on the remaining principal balance of the loan, interest accruing thereon at the original stated loan rate, and the remaining length of the original term to repay the loan.  c. As used in this section, borrowers are determined to be facing an "economic hardship" if the monthly amount required to pay their Standard NJCLASS loans is higher than the monthly payment amount required under the Repayment Assistance Program established in this section.  L.2019, c.62, s.1.
NJ Rev Stat § 18A:71C-31.5 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31.5 - Household Income Affordable Repayment Plan.

18A:71C-31.5 Household Income Affordable Repayment Plan.  2. a. To provide further assistance to borrowers who continue to face economic hardships after exhausting their eligibility for the Repayment Assistance Program, the Higher Education Student Assistance Authority shall establish a Household Income Affordable Repayment Plan for new loans originated under the Standard NJCLASS Loan Program beginning with the 2018-2019 academic year. Subject to the limits of funding made available pursuant to section 3 of this act, a borrower shall be eligible for the Household Income Affordable Repayment Plan upon exhausting the two-year eligibility period for the Repayment Assistance Program. Under the Household Income Affordable Repayment Plan, an eligible borrower shall be eligible to make reduced loan payments equal to 15 percent of the total of the aggregate household income of all of the parties to the loan that exceeds 150 percent of the federal poverty guidelines, with a minimum monthly payment of $25. b. Upon qualification for admittance to the Household Income Affordable Repayment Plan, the repayment term for a loan in the plan shall be extended to 25 years from the date of origination. Interest shall continue to accrue on the loan while in repayment under the plan at the original loan rate. Any remaining balance at the end of 25 years shall be forgiven. c. All parties to a loan shall provide the authority with annual income certification and proof of need to remain in the Household Income Affordable Repayment Plan. In the event that the parties to a loan no longer qualify for participation in the plan, the repayment term shall remain at 25 years and the monthly repayment amount shall revert to the standard monthly payment. Unpaid interest shall be capitalized upon return to the standard monthly payment.  d. As used in this section, "standard monthly payments" are determined by the authority when parties enter the Household Income Affordable Repayment Plan by capitalizing all unpaid interest and amortizing the remaining loan balance over the remaining original loan repayment term. e. As used in this section, borrowers are determined to be facing an "economic hardship" if the monthly amount required to pay their Standard NJCLASS loans is higher than the monthly payment amount required under the Household Income Affordable Repayment Plan established in this section.  L.2019, c.62, s.2.
NJ Rev Stat § 18A:71C-31.6 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31.6 - Funding for programs included in bond indentures.

18A:71C-31.6 Funding for programs included in bond indentures.  3. For new Standard NJCLASS loans financed in whole or in part by bonds issued by the authority pursuant to N.J.S.18A:71A-8, funding for the Repayment Assistance Program established pursuant to section 1 of this act and the Household Income Affordable Repayment Plan established pursuant to section 2 of this act shall be included as a provision in the applicable bond indentures. The programs shall be limited to the amounts included in the bond indentures and shall not infringe on the rights of bondholders established pursuant to N.J.S.18A:71A-19 and N.J.S.18A:71A-22. The number of borrowers who may participate in the Repayment Assistance Program and Household Income Repayment Plan shall be limited by the funding parameters set forth in any applicable bond indenture and any limitations or restrictions on amendments thereto. L.2019, c.62, s.3.
NJ Rev Stat § 18A:71C-31.7 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31.7 - Regulations.

18A:71C-31.7 Regulations.  4. The Higher Education Student Assistance Authority shall promulgate regulations pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), necessary to effectuate the provisions of this act. L.2019, c.62, s.4.
NJ Rev Stat § 18A:71C-31.8 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-31.8 - NJCLASS loan determined to be in default; settlement agreement.

18A:71C-31.8 NJCLASS loan determined to be in default; settlement agreement.  1. a. The authority may declare an NJCLASS loan program loan to be in default when the parties to the loan fail to meet the terms of the promissory note under circumstances where it is reasonable for the authority to determine that the parties no longer intend, or are no longer able, to honor the obligation to repay the loan or when the parties fail to make installment payments when due, provided failure to repay persists for: (1) at least 180 days when payments are due monthly; or (2) at least 240 days when payments are due less frequently than monthly. b. Upon default, parties may become liable for the entire balance of the loan.  c. To facilitate recovery on a defaulted NJCLASS loan program loan, the authority shall offer parties to the defaulted loan the opportunity to enter into a settlement agreement, either pre- or post- judgement, based on the terms of the loan and the ability of the parties to the loan to make payments.  (1) The authority's counsel shall respond to a request for a settlement agreement within 15 business days of the request. (2) The authority's counsel shall provide parties with a proposed written settlement agreement within 30 business days of reaching an oral agreement with the parties reflecting the agreed upon terms. (3) For an NJCLASS loan program loan financed in whole or in part by bonds issued by the authority pursuant to N.J.S.18A:71A-8, the terms of the settlement agreement shall not violate the terms of the applicable bond indentures.  d. If parties to a defaulted NJCLASS loan program loan demonstrate to the authority an ability and willingness to repay the loan by making nine on-time monthly payments over the course of ten consecutive months pursuant to the settlement agreement, the loan shall be considered rehabilitated for the limited purposes of meeting the requirements of Title VI of the federal "Economic Growth, Regulatory Relief, and Consumer Protection Act," Pub.L.115-174.  (1) If subsequent to rehabilitating the loan the parties fail to continue to honor the obligations of the settlement agreement for at least 180 days, the loan may no longer be considered rehabilitated.  (2) A defaulted NJCLASS loan program loan may only be rehabilitated one time.  e. The authority shall accurately report the status of defaulted loans to the credit bureaus pursuant to the federal "Fair Credit Reporting Act" (15 U.S.C. s.1681s-2) and Title VI of the federal "Economic Growth, Regulatory Relief, and Consumer Protection Act," Pub.L.115-174.  L.2019, c.63, s.1.
NJ Rev Stat § 18A:71C-33 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:71C-33 - Primary care practitioner loan redemption program established.

18A:71C-33 Primary care practitioner loan redemption program established.  18A:71C-33. There is established a Primary Care Practitioner Loan Redemption Program within the Higher Education Student Assistance Authority. The program shall provide for the redemption of a portion of the eligible qualifying loan expenses of program participants for each year of service at an approved site. Amended 2009, c.145, s.2.