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20 U.S.C. § 1084Participation by Federal credit unions in Federal, State, and private student loan insurance programs

submitted 40 years ago by Pub. L. 89-329 to r/title-20-EDUCATION · 68 words · no verdicts yet

in plain englishAI-generated · not legal advice

Federal credit unions may make insured loans to student members under federal rules or qualifying State or nonprofit private insurance programs. They must follow National Credit Union Administration regulations.

Even if another law says otherwise, Federal credit unions shall, under regulations of the National Credit Union Administration, have power to make insured loans to student members under the provisions of this part relating to federally insured loans, or under the provisions of any State or nonprofit private student loan insurance program which meets the requirements of section 1078(a)(1)(B) of this title .
the actual law source: uscode.house.gov ↗public domain

Notwithstanding any other provision of law, Federal credit unions shall, pursuant to regulations of the National Credit Union Administration, have power to make insured loans to student members in accordance with the provisions of this part relating to federally insured loans, or in accordance with the provisions of any State or nonprofit private student loan insurance program which meets the requirements of section 1078(a)(1)(B) of this title.

Source credit: (Pub. L. 89–329, title IV, § 434, as added Pub. L. 99–498, title IV, § 402(a), Oct. 17, 1986, 100 Stat. 1408.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 89-329 · 100 Stat. 1408

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-329 on 1986-10-17.

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