(a) The Teach for Texas Alternative Certification Conditional Grant becomes a loan and shall be reported to credit reporting agencies when the recipient fails to:(1) remain enrolled in or to make steady progress in the educator certification program;(2) become certified as a teacher within eighteen months after the program completion date;(3) begin the service obligation within eighteen months after the program completion date;(4) maintain continuous full-time teaching and complete the five-year teaching obligation within six years of beginning the service obligation period;(5) provide regular, periodic reports of enrollment or employment status and location to the Board within a reasonable period of time, as determined by the Board.(b) Recipients must sign a promissory note acknowledging the conditional nature of the grant and promising to repay the outstanding principal, interest, and reasonable collection costs if the grant conditions are not fulfilled.