[Code of Federal Regulations]

[Title 42, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 42CFR23.27]



[Page 93-94]

 

                         TITLE 42--PUBLIC HEALTH

 

    CHAPTER I--PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN 

                                SERVICES

 

PART 23_NATIONAL HEALTH SERVICE CORPS--Table of Contents

 

    Subpart B_Private Practice Special Loans for Former Corps Members

 

Sec. 23.27  What happens if scheduled payments are late?



    (a) Failure to make full payment of principal and/or interest when 

due will subject the borrower to the assessment of administrative costs 

and penalty



[[Page 94]]



charges, in addition to the regular interest charge, in accordance with 

45 CFR part 30.

    (b) Failure to make full payment of principal and/or interest when 

due may result in the Secretary placing the borrower in default of the 

loan. See Sec. 23.28(a).