The Board shall retain the right of determining eligibility of lenders and holders of student loans to which payments may be made. An eligible lender or holder shall, in general, make or hold loans made to individuals for purposes of attending postsecondary institutions and shall not be any private individual. An eligible lender or holder may be, but is not limited to, a bank, savings and loan association, credit union, institution of higher education, secondary market, governmental agency, or private foundation.

Source Note: The provisions of this §23.190 adopted to be effective November 20, 2013, 38 TexReg 8199; transferred effective December 15, 2016, as published in the Texas Register November 25, 2016, 41 TexReg 9341