<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".07" citation="COMAR 10.01.23.07" title_num="10" subtitle_num="01" chapter_num="23" heading="Participant Obligation.">
  <paragraph num="A.">
    <text>A participant shall provide the Department with required documentation including:</text>
    <paragraph num="(1)">
      <text>Lender verification of education loan balance;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Documentation of employer verification;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>A signed Promissory Note that includes;</text>
      <paragraph num="(a)">
        <text>The disbursement methods utilized by the Department in the repayment of education loans;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The roles and responsibilities of the participant in the disbursement of funds to the lender institution;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Penalties for failing to comply with terms and conditions of agreements with the Department; and</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Other terms as determined by the Department;</text>
      </paragraph>
    </paragraph>
    <paragraph num="(4)">
      <text>A Service Obligation Agreement that includes;</text>
      <paragraph num="(a)">
        <text>Obligations of the participant;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Total and annual amounts of the Program award;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Completion of data and verifications required by the Department;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Penalties for breach of the Promissory Note and Service Obligation Agreements;</text>
      </paragraph>
      <paragraph num="(e)">
        <text>Incorporation of the Promissory Note and Program Guidelines; and</text>
      </paragraph>
      <paragraph num="(f)">
        <text>Other appropriate terms as determined by the Department; and</text>
      </paragraph>
    </paragraph>
    <paragraph num="(5)">
      <text>All other documentation as required by the Department.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>A participant shall:</text>
    <paragraph num="(1)">
      <text>Continue to meet the eligibility requirements as stated in Regulation 03A and B of this chapter; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Serve a minimum service obligation as stipulated in the Service Obligation Agreement with the Department.</text>
    </paragraph>
  </paragraph>
</regulation>