SECTION 22.184. Loan Interest

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The interest rate charged for loans through this program shall be set annually by the Commissioner, shall be simple interest, and shall begin to accrue on the outstanding principal from the date of disbursement. These loans are not eligible for interest subsidy.

Source Note: The provisions of this §22.184 adopted to be effective January 1, 2023, 47 TexReg 8983

                    
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