20-A §11510. Administration of student loan corporation issued loans; no discrimination
Title 20-A: EDUCATION
Part 5: POST-SECONDARY EDUCATION
Chapter 418: STUDENT LOAN CORPORATIONS
§11510. Administration of student loan corporation issued loans; no discrimination
1. Administration. A student loan corporation shall have full power and authority and be subject to all rights, responsibilities and liabilities for the administration of a student loan corporation program and for the distribution and collection of loans to qualified students, including the determination of who is eligible to receive loans, the amounts of the loans, repayment schedules and interest rates to be charged; provided that the terms are in accordance with law and do not discriminate against any person on account of race, creed, national origin, sex or age.
[ 1983, c. 422, §21 (NEW) .]
2. Contracts for services. Student loan corporations may contract with other service corporations to provide bookkeeping, data processing and related fiscal services required for the conduct of their business.
[ 1983, c. 422, §21 (NEW) .]
SECTION HISTORY
1983, c. 422, §21 (NEW).