Ohio § 3366.05 Issuing authority as eligible not-for-profit servicer of certain student loans

Ohio Statutes

§ 3366.05 — Issuing authority as eligible not-for-profit servicer of certain student loans

Ohio § 3366.05

Title 33Education-Libraries

Ch. 3366State Purchase of Education Loans

This text of Ohio § 3366.05 (Issuing authority as eligible not-for-profit servicer of certain student loans) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 3366.05 (2026).

Text

The issuing authority, as an eligible not-for-profit holder of federal education loans, may act as an eligible not-for-profit servicer of certain student loans owned by the federal government under Section 2212 of the "Health Care and Education Reconciliation Act of 2010," Pub.

L.No. 111-152. The issuing authority is authorized to take such actions and to enter into such contracts and to execute all instruments necessary or appropriate to act as an eligible not-for-profit servicer. Notwithstanding division (C) of section3366.03and division (B) of section3366.04of the Revised Code, revenues received by the issuing authority under this section shall be deposited in an account in the custody of the treasurer of state that is not part of the state treasury and shall be used to pay administrat

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The issuing authority, as an eligible not-for-profit holder of federal education loans, may act as an eligible not-for-profit servicer of certain student loans owned by the federal government under Section 2212 of the "Health Care and Education Reconciliation Act of 2010," Pub. L. No. 111-152. The issuing authority is authorized to take such actions and to enter into such contracts and to execute all instruments necessary or appropriate to act as an eligible not-for-profit servicer. Notwithstanding division (C) of section3366.03and division (B) of section3366.04of the Revised Code, revenues received by the issuing authority under this section shall be deposited in an account in the custody of the treasurer of state that is not part of the state treasury and shall be used to pay administrative costs incurred by the issuing authority. Unexpended amounts shall be deposited in the state treasury and credited, as determined by the treasurer of state, to the treasurer of state's administrative fund created under section113.20of the Revised Code or the treasurer's information technology reserve fund created under section113.22of the Revised Code.

Last updated September 6, 2023 at 2:41 PM