12VAC5-507-200: Loan repayment contract

Prior to becoming a participant in the nursing loan repayment program, the applicant shall enter into a contract with the commissioner agreeing to the terms and conditions upon which the loan repayment is granted. The contract shall:

1. Include the terms and conditions to carry out the purposes and intent of this program;

2. Provide that the participant shall provide full-time nursing services as an RN, LPN, or CNA in a long-term care facility in the Commonwealth for a minimum period of one year;

3. Provide for repayment of all amounts paid by the board, plus interest and penalties, less any service time if the participant is found to be in breach of contract;

4. Be signed by the applicant;

5. Be signed by the commissioner or his designee; and

6. Include other provisions as the commissioner may deem appropriate.