R64-5-6. Loan Administration and Repayment

(1) Each loan contract shall, at a minimum, require the interrupted user to: (a) notify the department when receiving compensation from a preferential user; (b) repay the loan within 30 days of repayment in full; and (c) comply with other provisions deemed necessary by the department. (2) If an interrupted user fails to repay a loan, the department may bring an action in a court of competent jurisdiction to recover funds as provided in Subsection 73-3d-402(6).