Florida Statutes 455.2278 – Restriction on disciplinary action for student loan default
Current as of: 2024 | Check for updates
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(1) DEFINITIONS.–As used in this section, the term:
(a) “Default” means the failure to repay a student loan according to the terms agreed to in the promissory note.
Terms Used In Florida Statutes 455.2278
- Board: means any board or commission, or other statutorily created entity to the extent such entity is authorized to exercise regulatory or rulemaking functions, within the department, including the Florida Real Estate Commission; except that, for ss. See Florida Statutes 455.01
- Department: means the Department of Business and Professional Regulation. See Florida Statutes 455.01
- License: means any permit, registration, certificate, or license issued by the department. See Florida Statutes 455.01
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
(b) “Delinquency” means the failure to make a student loan payment when it is due.
(c) “Student loan” means a federal-guaranteed or state-guaranteed loan for the purposes of postsecondary education.
(d) “Work-conditional scholarship” means an award of financial aid for a student to further his or her education which imposes an obligation on the student to complete certain work-related requirements to receive or to continue receiving the scholarship.
(2) STUDENT LOAN DEFAULT; DELINQUENCY.–The department or a board may not suspend or revoke a license that it has issued to any person who is in default on or delinquent in the payment of his or her student loans solely on the basis of such default or delinquency.
(3) WORK-CONDITIONAL SCHOLARSHIP DEFAULT.–The department or a board may not suspend or revoke a license that it has issued to any person who is in default on the satisfaction of the requirements of his or her work-conditional scholarship solely on the basis of such default.