Accrual of interest; payment
Known as the Nursing Faculty Loan Redemption Program Act
The act spans §§ 18A:71C-1 to 18A:71C-95 (110 sections).
L.1999,c.46,s.1.
Accrual of Interest; Payment.
Interest on each NJCLASS Loan Program loan shall accrue from the date of the making of the loan; however, the payment of the principal or the interest or both may be deferred until a time or times determined by the authority. The rate of interest on each loan shall be determined by the authority.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.