R398-30-6. Terms for Repayment of Financial Assistance Loans

(1) Financial assistance shall be given in the form of an interest free loan. Terms, including amount and time frame for repayment of loans shall be set forth in an initial contract as agreed to by the responsible party and the Department. (2) Repayment shall be determined by the Committee prior to the contract being signed. (3) Medical expenses shall be submitted within 24 months after an eligible service was rendered. (4) Repayments shall begin monthly starting 24 months after the first check has been issued from the fund. (5) The Department shall send out annual invoices on the account status and repayment amount to the responsible party. (6) The responsible party will be accountable for repayment of the loan. (7) The account may go to collections if repayment is not received within the established timeframe as outlined in the contract.