Indiana Statutes
§ 21-16-4-16 — Holder of guarantee loans; duties
Indiana § 21-16-4-16
JurisdictionIndiana
Title 21HIGHER EDUCATION
Art. 16EARN INDIANA PROGRAM; STUDENT LOANS;
Ch. 4Guaranteed Student Loan Program
This text of Indiana § 21-16-4-16 (Holder of guarantee loans; duties) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 21-16-4-16 (2026).
Text
A holder of a guaranteed loan shall exercise reasonable care and diligence in the making and collection of loans under this chapter. If the commission finds that reasonable care and diligence are not being exercised by a holder of a guaranteed loan, the commission may:
(1)withdraw its guarantee on an individual borrower basis,
allowing the approved lender to continue participation in the
program, after reasonable notice to the lender; or
(2)disqualify the approved lender from the guarantee of further
loans upon finding, after reasonable notice and hearing, that the
lender has substantially failed to exercise reasonable care and
diligence in the making and collection of loans under this chapter.
These disqualifications shall continue until the commission is satisfied
that the lender will
Free access — add to your briefcase to read the full text and ask questions with AI
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Repealed§ 21-12-1-13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"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 21-16-4-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/21-16-4-16.