There Is a Newer Version of the Maine Revised Statutes
  1. 2025 Maine Rev. Stat.
  2. 2024 Maine Rev. Stat.
  3. 2023 Maine Rev. Stat.
  4. 2011 Maine Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2011 Maine Revised Statutes
TITLE 20-A: EDUCATION
Chapter 418: STUDENT LOAN CORPORATIONS
20-A §11505. Purposes

Universal Citation:
20-A ME Rev Stat § 11505 (2011 through 125th Legis)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

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).

Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.