§ 129045 Program Financial Status Report

• •The government must check how much money the program has every year.
• •They must tell the Legislature if people are not paying back their loans.
• •They must show what they are doing to get the money back from those who didn’t pay.

Imagine you borrowed money from a bank to buy a house, but you stopped paying it back.

The bank has to tell the government every year how many people like you aren’t paying, and what they’re doing to get the money back.