Section 1-2409. AWARD AND DISBURSEMENT OF ASSISTANCE  


Latest version.
  •  

    2409.1The Administrator shall award loans to participants to the extent funds are available in accordance with the criteria in section 2408.

     

    2409.2The Administrator shall disburse the first payment for each loan within ninety(90) days after the application is approved and the loan is awarded.

     

    2409.3The Administrator shall disburse loan payments to participants in semi-annual installments to the extent funds are available, in accordance with the criteria in section 2408, until repayment of the eligible debt is complete, the maximum amount of loan repayment assistance stated in § 2403.8 is reached, or the participant no longer meets the eligibility requirements stated in § 2404, whichever occurs first.

     

source

Final Rulemaking published at 54 DCR 1025 (February 2, 2007).