§ 20-A §11463 — Insure student loan payments

The authority may make commitments and agreements to insure student loan payments.
1.
Loan serviced.
A loan insured by the authority must be serviced as required by the authority.
2.
Compliance.
A loan insured by the authority must be in compliance with the student loan insurance credit policy of the authority.
3.
Other terms.
A loan insured by the authority may be subject to terms other than those specified in subsections 1 and 2 as may be required by law or by rule of the authority.
4.
Financial education.
Prior to obtaining a loan insured by the authority, an applicant must satisfy financial education requirements established or approved by the authority.

Legislative History

PL 2013, c. 34, §7 (NEW).