9. In case of a program participant's death or total or permanent disability, the executive director of the Higher Education Student Assistance Authority shall nullify the service obligation of the student, thereby terminating the student's obligation to repay the unpaid balance of the redeemable portion of the loan and the accrued interest thereon, or where continued enforcement of the contract may result in extreme hardship, the executive director of the authority may nullify or suspend the service obligation of the student.
N.J. Stat. Ann. § 18A:72F-9
Nullification of service obligation
Known as the Minority Faculty Advancement Program Act
The act spans §§ 18–18 (12 sections).
L.1984,c.189,s.9; amended 1994, c.48, s.278; 1999, c.46, s.60.
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.