This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:40 GMT
(a) A cosigner/accommodation party shall:(1) be at least 21 years of age or older;(2) have a regular source of income;(3) have received a favorable evaluation of his/her credit report; and(4) reside in the United States or a U.S. territory and be a U.S. citizen or permanent resident of the United States.(b) A spouse may not act as the cosigner/accommodation party for the student.(c) CAL or HELP cosigners/ accommodation parties are guarantors of payment and not of collection; it is not necessary for the Board to demonstrate that the borrower is insolvent before it may pursue collection against the cosigner/accommodation party.