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2017 Georgia Code
Title 20 - Education
Chapter 3 - Postsecondary Education
Article 7 - Scholarships, Loans, and Grants
Part 2 - Georgia Higher Education Assistance Corporation
§ 20-3-281. Sale, pledge, or assignment of educational loans
Universal Citation: GA Code § 20-3-281 (2017)
A lender may sell loans guaranteed by the corporation, or an interest in such loans, to another lender only in accordance with regulations of the corporation; and in such event the guaranty liability of the corporation on such loans or interests therein shall not be affected. A lender may pledge or assign loans guaranteed by the corporation, or an interest in such loans, as security to pledgees or assignees only in accordance with regulations of the corporation; and in such event the guaranty liability of the corporation on such loans or interests therein shall not be affected.
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