N.J.S.A. 18A:72F-9 — Nullification of service obligation.

18A:72F-9 Nullification of service obligation. 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. L.1984,c.189,s.9; amended 1994, c.48, s.278; 1999, c.46, s.60.

This is the verbatim text of N.J.S.A. 18A:72F-9, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.