New Jersey § 18A:71C-4 Federal loan evidenced by note; interest rate; method of payment; security.

New Jersey Statutes

§ 18A:71C-4 — Federal loan evidenced by note; interest rate; method of payment; security.

New Jersey § 18A:71C-4

Title 18AEDUCATION

This text of New Jersey § 18A:71C-4 (Federal loan evidenced by note; interest rate; method of payment; security.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 18A:71C-4 (2026).

Text

18A:71C-4. Federal Loan Evidenced by Note; Interest Rate; Method of Payment; Security. Each federal loan made under this article shall: a. be evidenced by a note or other obligation approved by the authority; b. bear interest at a rate not exceeding the maximum percentage per annum permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations; c. be payable in such manner or in such installments as permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations; and d. be secured only by the personal liability of the maker, and not by any endorsers, co-maker's collateral, or other security, except as may be permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations. L.1999,c.46,s.1.

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18A:71C-4. Federal Loan Evidenced by Note; Interest Rate; Method of Payment; Security. Each federal loan made under this article shall: a. be evidenced by a note or other obligation approved by the authority; b. bear interest at a rate not exceeding the maximum percentage per annum permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations; c. be payable in such manner or in such installments as permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations; and d. be secured only by the personal liability of the maker, and not by any endorsers, co-maker's collateral, or other security, except as may be permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations. L.1999,c.46,s.1.