45:1-21.2 - Suspension of certain licenses, registrations, certifications for failure to repay student loans - New Jersey Statutes

45:1-21.2  Suspension of certain licenses, registrations, certifications for failure to repay student loans.1.The director or a board shall suspend, as appropriate, after a hearing, the license, registration or certification of any person who has been certified by a lender or guarantor and reported to the director or the board, as the case may be, for nonpayment or default of a State or federal direct or guaranteed educational loan.  The license, registration or certification shall not be reissued until the person provides the director or board with a written release issued by the lender or guarantor stating that  the person has cured the default or is making payments on the loan in accordance with a repayment agreement approved by the lender or guarantor.  If the person has continued to meet all other requirements for licensure, registration or certification during the suspension, reinstatement shall be automatic upon receipt of the notice and payment of any reinstatement fee the director or the board may impose.

L.1999,c.54,s.1.