53-2a-609. Division to make rules to administer the loan program.
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Effective 5/10/2016
53-2a-609. Division to make rules to administer the loan program.
In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act , the division shall make rules establishing:
(1)form, content, and procedure for loan and grant applications;
(2)criteria and procedures for prioritizing loan and grant applications;
(3)requirements and procedures for securing loans and grants;
(4)procedures for making loans;
(5)procedures for administering and ensuring repayment of loans, including late payment penalties; and
(6)procedures for recovering on defaulted loans.
Enacted by Chapter 134 , 2016 General Session