New Mexico Statutes 21-22-3. Definitions
Current as of: 2023 | Check for updates
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As used in the Medical Student Loan for Service Act:
Terms Used In New Mexico Statutes 21-22-3
- Contract: A legal written agreement that becomes binding when signed.
A. “commission” [“department”] means the commission on higher education [higher education department];
B. “loan” means a grant of funds to defray the costs incidental to a medical education under a contract between the commission [department] and a medical student requiring either repayment with interest or repayment in services; and
C. “student” means a resident of New Mexico who is a student enrolled in a school of medicine.