2010 Maine Code
TITLE 20-A: EDUCATION
Chapter 418: STUDENT LOAN CORPORATIONS
20-A §11505. Purposes
Part 5: POST-SECONDARY EDUCATION
§11505. Purposes
The articles of agreement of a student loan corporation shall contain the following: [1983, c. 422, §21 (NEW).]
1. Name. The name of the student loan corporation, which shall clearly identify the institution or institutions for higher education with which it is associated and shall end with the words "student loan corporation;"
[ 1983, c. 422, §21 (NEW) .]
2. Purposes. Each student loan corporation shall be operated exclusively for the purpose of providing loans to qualified students attending the institution or institutions for higher education with which it is associated, or to the parents of those students; and
[ 1983, c. 422, §21 (AMD) .]
3. Adoption of procedures. Each student loan corporation shall adopt procedures for determining eligibility for loans, procedures for the making and collection of loans and other procedures as may be necessary or convenient for the administration of the student loan program.
[ 1983, c. 422, §21 (NEW) .]
SECTION HISTORY
1983, c. 422, §21 (NEW).
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