# 11 KAR 12:060: 11 KAR 12:060. Cancellation, partial withdrawal, and payment of refund

> Kentucky · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R060

## Section

- **Citation:** 11 KAR 12:060
- **Heading:** 11 KAR 12:060. Cancellation, partial withdrawal, and payment of refund
- **Jurisdiction:** Kentucky
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Kentucky Administrative Regulations / Title 011 (Kentucky Higher Education Assistance Authority) / Chapter 012 / 11 KAR 12:060

## Text

Section 1. Cancellation. To cancel a participation agreement pursuant to KRS 164A.350(2), a participant shall submit to the program administrator a notice to terminate the participation agreement by mail or electronically. Section 2. Partial Withdrawal. A participant may request a partial withdrawal of an account balance without cancellation of the participating agreement. To request a partial withdrawal from a Kentucky Educational Savings Plan Trust account, a participant shall submit a written request to the program administrator by mail or electronically. Section 3. Refund. The amount to be refunded pursuant to KRS 164A.350, shall be mailed or otherwise sent to the participant within sixty (60) days after receipt by the program administrator of notice to terminate the participation agreement or written request for partial withdrawal submitted by mail or electronically.

## Nearby sections

- [11 KAR 12:010 11 KAR 12:010. Definitions for 11 KAR Chapter 12](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R010.md)
- [11 KAR 12:020 11 KAR 12:020. General rules for investments and fund transfers](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R020.md)
- [11 KAR 12:030 11 KAR 12:030. Eligibility of beneficiary and participant](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R030.md)
- [11 KAR 12:040 11 KAR 12:040. Residency classification for Kentucky Educational Savings Plan Trust vested participation agreements](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R040.md)
- [11 KAR 12:050 11 KAR 12:050. Substitution of a beneficiary](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R050.md)
- [11 KAR 12:060 11 KAR 12:060. Cancellation, partial withdrawal, and payment of refund](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R060.md)
- [11 KAR 12:070 11 KAR 12:070. Benefits payable from the Kentucky Educational Savings Plan Trust Program fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R070.md)
- [11 KAR 12:090 11 KAR 12:090. Transfer of ownership of Kentucky Educational Savings Plan Trust Program fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R090.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T011_C012_R060. Check the current official text before relying on it. Not legal advice.