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42 U.S.C. § 292kParticipation by Federal credit unions in Federal, State, and private student loan insurance programs

submitted 82 years ago by Pub. L. 102-408 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 44 words · no verdicts yet

in plain englishAI-generated · not legal advice

Federal credit unions can make federally insured student loans under this subpart's rules, no matter what other law might say, as long as they follow National Credit Union Administration regulations.

Despite any other law, federal credit unions can make insured loans to eligible students under this subpart's rules — as long as they follow regulations set by the Administrator of the National Credit Union Administration.
the actual law source: uscode.house.gov ↗public domain

Notwithstanding any other provision of law, Federal credit unions shall, pursuant to regulations of the Administrator of the National Credit Union Administration, have power to make insured loans to eligible students in accordance with the provisions of this subpart relating to Federal insured loans.

Source credit: (July 1, 1944, ch. 373, title VII, § 712, as added Pub. L. 102–408, title I, § 102, Oct. 13, 1992, 106 Stat. 2008.)

history & why it existsrecord from the source credit
  • 1944Enacted · Pub. L. 102-408 · 106 Stat. 2008

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-408 on 1944-07-01.

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