Texas Occupations Code 56.003 – Disciplinary Action in Event of Default or Breach Prohibited
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Terms Used In Texas Occupations Code 56.003
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
A licensing authority may not take disciplinary action against a person based on the person’s default on a student loan or breach of a student loan repayment contract or scholarship contract, including by:
(1) denying the person’s application for a license or license renewal;
(2) suspending the person’s license; or
(3) taking other disciplinary action against the person.