California Code of Regulations › Title 5 - Education › Division 4 - California Student Aid Commission › Chapter 1 - California Student Aid Commission › Article 17 - State Nursing Assumption Program of Loans for Education for Nursing Faculty (SNAPLE-NF) › Section 30915 - Loan Payments

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A program
				  participant may redeem the conditional warrant and the Commission shall make loan
				  payments, pursuant to the loan assumption agreement and as provided in Section
				  30914 and subsection (c), when the
				  Commission has received the following information for each qualifying year of
				  teaching:
(1) documentation certifying that the
				  program participant has received a baccalaureate or graduate degree in nursing or a
				  field related to nursing from an accredited, participating institution;
(2) the following employment information for each
				  applicable year of employment subject to the loan assumption agreement:
(i) program participant's name and social security
				  number;
(ii) names and addresses of the
				  program participant's employers;
(iii)
				  program participant's signature under penalty of perjury under the laws of the State
				  of California.
(3) the
				  following employment information from the participant's employer(s) for each
				  applicable year of employment subject to the loan participation agreement:
(i) statement that the program participant
				  completed an academic year of teaching nursing on a full-time basis, or, if the
				  program participant is employed on a part-time basis, the percentage of employment
				  as related to a full-time academic year.
(ii) statement that the employer is a regionally
				  accredited California college or university;
(iii) employer representative's printed or typed
				  name, title, and telephone number;
(iv)
				  employer representative's signature under penalty of perjury under the laws of the
				  State of California;
(v) certification
				  that the participant has not received a grant pursuant to Article 3.51 commencing
				  with Section
				  78260 of the
				  Education Code.
(4) the
				  following information from each lending institution for each loan that qualifies for
				  payment under the program and the loan assumption agreement:
(i) program participant's name and social security
				  number;
(ii) account number for each
				  loan;
(iii) interest rate for each
				  loan;
(iv) disbursement date for each
				  loan;
(v) payoff amount for each loan as
				  of June 30;
(vi) indication for each
				  loan whether the loan is delinquent or in default;
(vii) lending institution/servicer name;
(viii) lending institution/servicer eight-digit
				  servicer identification code;
(ix)
				  address for where payment is to be sent;
(x) a signature of the lending institution
				  official under penalty of perjury under the laws of the State of
				  California
(xi) printed name of the
				  lending institution official;
(xii)
				  e-mail address of the lending institution official;
(xiii) telephone number of the lending institution
				  official;
(5) the Commission
				  has determined that the program participant has satisfied the requirements for
				  payment to be made under the loan assumption agreement.