Section 11463 - Insure student loan paymentsThe authority may make commitments and agreements to insure student loan payments. [2013, c. 34, §7(NEW).]
1.Loan serviced. A loan insured by the authority must be serviced as required by the authority. [2013, c. 34, §7(NEW).]
2.Compliance. A loan insured by the authority must be in compliance with the student loan insurance credit policy of the authority. [2013, c. 34, §7(NEW).]
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. [2013, c. 34, §7(NEW).]
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. [2013, c. 34, §7(NEW).]
Added by 2013, c. 34,§ 7, eff. 4/16/2013.