Arizona § 44-140.01 Educational loan; enforceable; prerequisites

Arizona Statutes

§ 44-140.01 — Educational loan; enforceable; prerequisites

Arizona § 44-140.01

Title 44Arizona Revised Statutes

Ch. 1CONTRACTS

Art. 3.Model Minor Student Capacity to Borrow Act

This text of Arizona § 44-140.01 (Educational loan; enforceable; prerequisites) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 44-140.01 (2026).

Text

Any written obligation signed by a minor sixteen or more years of age in consideration of an educational loan received by him from any person is enforceable as if he were an adult at the time of execution, but only if prior to the making of the educational loan an educational institution has certified in writing to the person making the educational loan that the minor is enrolled, or has been accepted for enrollment, in the educational institution.

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Any written obligation signed by a minor sixteen or more years of age in consideration of an educational loan received by him from any person is enforceable as if he were an adult at the time of execution, but only if prior to the making of the educational loan an educational institution has certified in writing to the person making the educational loan that the minor is enrolled, or has been accepted for enrollment, in the educational institution.