The department is authorized to cancel any contract made between it and any loan recipient for any reasonable cause deemed sufficient by the department. History: 1978 Comp., § 21-22A-9, enacted by Laws 1978, ch. 109, § 9; 1991, ch. 262, § 45; 2016, ch. 42, § 7. ANNOTATIONSThe 2016 amendment, effective May 18, 2016, changed references to the commission on higher education to the higher education department; after 'The', deleted 'commission' and added 'department', and after 'between it and any', deleted 'student' and added 'loan recipient', after 'sufficient by the', deleted 'commission' and added 'department'. The 1991 amendment, effective June 14, 1991, substituted 'commission' for 'board'.
New Mexico Legal Code