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TITLE 19 - EDUCATION
PART 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 22 - STUDENT FINANCIAL AID PROGRAMS
SUBCHAPTER C - HINSON-HAZLEWOOD COLLEGE STUDENT LOAN PROGRAM
SECTION/RULE §22.47 - Requirements of Cosigner/Accommodation Party
Chapter Review Date 01/31/2020

(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.

Source Note: The provisions of this §22.47 adopted to be effective May 22, 2003, 28 TexReg 3950; amended to be effective November 28, 2005, 30 TexReg 7855; amended to be effective May 16, 2006, 31 TexReg 3872; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739.

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