Tex. Education Code § 52.521
This is the official text of Tex. Education Code § 52.521, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 52.521. FILING OF CLAIMS ON LOANS IN DEFAULT.
Official statutory text
(a) The board shall file a claim with the appropriate guarantor on an insured loan in default as soon as it is practicable to do so in accordance with the guarantor's rules.
(b) The board shall deposit funds obtained as a result of any claims, including claims filed on loans in default that have been litigated as provided under a contract with the United States Department of Education, filed with a guarantor in the Texas Opportunity Plan Fund or in the student loan auxiliary fund in the appropriate account to be used for making student loans.
(b) The board shall deposit funds obtained as a result of any claims, including claims filed on loans in default that have been litigated as provided under a contract with the United States Department of Education, filed with a guarantor in the Texas Opportunity Plan Fund or in the student loan auxiliary fund in the appropriate account to be used for making student loans.
Status: in_force · Read it on the official government site
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