Alabama § 16-47-224 Liability Upon Default, Etc.; Penalties

Alabama Statutes

§ 16-47-224 — Liability Upon Default, Etc.; Penalties

Alabama § 16-47-224

Title 16Education

Ch. 47University of Alabama

Art. 9Alabama Physician’s Assistants Service Program

This text of Alabama § 16-47-224 (Liability Upon Default, Etc.; Penalties) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 16-47-224 (2026).

Text

(a)If a participant defaults on or otherwise fails to honor a loan-repayment contract with the board, the individual shall be liable for immediate repayment of the total principal loan amount plus interest at the rate of 8 percent accruing from the date of default or other failure to honor the contract. In addition, the participant shall pay an additional penalty as specified:

(1)For default or other failure to honor a contract before graduation with a master’s degree in physician assistant studies, a penalty equal to 30 percent of the total principal amount of the loan or loans received by the participant.

(2)For default or other failure to honor a contract after graduation with a master’s degree in physician assistant studies but prior to completion of the repayment obligation set for

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(a) If a participant defaults on or otherwise fails to honor a loan-repayment contract with the board, the individual shall be liable for immediate repayment of the total principal loan amount plus interest at the rate of 8 percent accruing from the date of default or other failure to honor the contract. In addition, the participant shall pay an additional penalty as specified:
(1) For default or other failure to honor a contract before graduation with a master’s degree in physician assistant studies, a penalty equal to 30 percent of the total principal amount of the loan or loans received by the participant.
(2) For default or other failure to honor a contract after graduation with a master’s degree in physician assistant studies but prior to completion of the repayment obligation set forth in Section 16-47-222, a penalty equal to 100 percent of the total principal amount of all loans received by the participant from the program.
(b) The failure of a participant to honor his or her contract with the board or to pay the amount he or she is liable for under this section shall constitute a ground for the revocation of his or her license to work as a physician’s assistant in Alabama.
(c) The board may excuse repayment of a loan, in whole or in part, upon the death of a participant, or upon the participant becoming disabled to the extent that he or she is no longer able to work as a physician’s assistant, or upon some other extreme hardship not the fault of the participant.