New Mexico Statutes Chapter 21. State and Private Education Institutions § 21-22J-5. Release from contract; contract cancellation; enforcement

Current as of January 01, 2024 | Updated by Findlaw Staff

A. The department, with recommendation from the committee, may cancel a contract made between the department and a recipient for the recipient's failure to comply with provisions of the contract, the Veterinary Medical Loan Repayment Act, rules promulgated in accordance with that act or any other reasonable cause deemed sufficient by the department.

B. The department shall release a recipient from the contract without penalty if:

(1) the recipient has completed the service requirements of the contract;

(2) the recipient is unable to complete the service requirements of the contract due to serious illness or disability; or

(3) the recipient demonstrates extreme hardship or other good cause to the department justifying the release from contract.

C. A decision not to release a recipient from the contract without penalty is a final agency decision and may be appealed to the district court as provided in Section 39-3-1.1 NMSA 1978.

D. The department is vested with full and complete authority and power to sue in its own name for the balance due the state from any recipient on a loan repayment contract.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 21. State and Private Education Institutions § 21-22J-5. Release from contract; contract cancellation; enforcement - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-21-state-and-private-education-institutions/nm-st-sect-21-22j-5/

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