Indiana Statutes
§ 21-16-4-15 — Payment on loss; subrogation rights
Indiana·Title 21 HIGHER EDUCATION·Art. 16 EARN INDIANA PROGRAM; STUDENT LOANS;·Ch. 4 Guaranteed Student Loan Program
Upon payment by the commission of the
guaranteed part of the loss upon a default by a borrower, the
commission shall be subrogated to the rights of the holder of the
obligation upon the insured loan and is entitled to an assignment of the
note or other evidence of the guaranteed loan by the holder.
[Pre-2007 Higher Education Recodification Citation:
20-12-21.1-6(b).]
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Legislative History
As added by P.L.2-2007, SEC.257.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"