New Jersey Statutes
§ 18A:71C-42 — Death or permanent disability of participant.
New Jersey·Title 18A EDUCATION
18A:71C-42. In case of a program participant's death or total and permanent disability, the authority or its designee shall nullify the service obligation of the program participant. The nullification shall terminate the authority's obligations under the loan redemption contract, except in the event that a program participant's death or total and permanent disability occurs during the second year of service, the authority shall not require repayment of the prior redeemed portion of indebtedness. When continued enforcement of the contract may result in extreme hardship, the authority or its designee may nullify or suspend the service obligation of the program participant. Amended 2009, c.145, s.12.
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Nearby Sections
15
§ 18A:71C-1
Administration by the authority.§ 18A:71C-11
Regulations.§ 18A:71C-12
Deduction of overdue student loan payments from wages of county and municipal employees.§ 18A:71C-13
Guidelines for payment of arrearages.§ 18A:71C-15
Guidelines for payment of arrearages.§ 18A:71C-16
Deduction of overdue student loan payments from wages of employees of the private sector.§ 18A:71C-17
Lien not treated as wage execution.§ 18A:71C-19
Professional or occupational misconduct.§ 18A:71C-2
Application; grounds for approval.§ 18A:71C-21.1
Annual report on NJCLASS Loan Program.