261F.2 - CODE OF CONDUCT.

        261F.2  CODE OF CONDUCT.
         1.  A covered institution shall do the following:
         a.  Develop, in consultation with the college student aid
      commission, a code of conduct governing educational loan activities
      with which the covered institution's officers, employees, and agents
      shall comply.
         b.  Publish the code of conduct developed in accordance with
      paragraph "a" prominently on its internet site.
         c.  Administer and enforce the code of conduct developed in
      accordance with paragraph "a".
         2.  The college student aid commission shall provide to covered
      institutions assistance and guidance relating to the development,
      administration, and monitoring of a code of conduct governing
      educational loan activities.
         3.  Except as provided in this section, the college student aid
      commission is not subject to the duties, restrictions, prohibitions,
      and penalties of this chapter.  
         Section History: Recent Form
         2008 Acts, ch 1132, §4