Statutes > Iowa Statutes > Title 7 - Education and Cultural Affairs > Subtitle 3 - Higher Education > CHAPTER 261A - HIGHER EDUCATION LOAN AUTHORITY (PRIVATE INSTITUTIONS) > 261A.23 - INSTITUTION POWER -- INTEREST RATES.

261A.23 - INSTITUTION POWER -- INTEREST RATES.

        261A.23  INSTITUTION POWER -- INTEREST RATES.
         Institutions may borrow money from the authority, make education
      loans and take all other actions and do things necessary or
      convenient to consummate the transactions contemplated under this
      chapter.  It is lawful for the authority to establish, charge,
      contract for, and receive any amount or rate of interest or
      compensation with respect to authority loans and, subject to rules
      adopted by the authority, for participating institutions to charge,
      contract for, and receive any amount or rate of interest or
      compensation with respect to education loans.
         Section History: Early Form
         [82 Acts, ch 1031, § 23]
         Referred to in § 261A.24