Arkansas Statutes
§ 15-5-1908 — Purchase of student loan notes
Arkansas § 15-5-1908
JurisdictionArkansas
Title15
This text of Arkansas § 15-5-1908 (Purchase of student loan notes) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 15-5-1908 (2026).
Text
Before purchasing a guaranteed educational loan note or an education loan note under this subchapter, the Student Loan Authority Division of the Arkansas Development Finance Authority shall reasonably determine that:
(1)The guaranteed educational loan note or education loan note represents a guaranteed educational loan or education loan actually disbursed to a qualified borrower;
(2)Due diligence both in making and collecting the guaranteed educational loan or education loan has been exercised with respect to that guaranteed educational loan or education loan;
(3)The guaranteed educational loan or education loan meets such other reasonable criteria as may be established from time to time by the Arkansas Development Finance Authority; and (4) Other defects do not exist affecting the abil
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Act 2019, No. 384,§ 4, eff. 7/24/2019. Added by Act 2017, No. 824,§ 15, eff. 7/1/2017.
Nearby Sections
15
§ 15-1-101
Economic Advisor§ 15-10-201
Title§ 15-10-202
Declaration of policy§ 15-10-203
Arkansas Energy Office - Creation§ 15-10-204
Arkansas Energy Office - Director§ 15-10-301
Declaration of policy§ 15-10-302
Definitions§ 15-10-303
License or permit requirement§ 15-10-304
Studying the need for changes in lawCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 15-5-1908, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/15-5-1908.