42 U.S.C. § 292c — Sources of funds

submitted 82 years ago by Pub. L. 102-408 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 43 words · no verdicts yet

in plain englishAI-generated · not legal advice

Lenders can insure student loans under this subpart whether they use their own money or money they're holding in trust for someone else.

Loans that eligible lenders make under this subpart can be insured by the Secretary. It doesn't matter whether the lender used money it fully owns, or money it's holding for someone else in a trust or similar arrangement — as long as that money is available for making these loans.

the actual law source: uscode.house.gov ↗public domain

Loans made by eligible lenders in accordance with this subpart shall be insurable by the Secretary whether made from funds fully owned by the lender or from funds held by the lender in a trust or similar capacity and available for such loans.

Source credit: (July 1, 1944, ch. 373, title VII, § 704, as added Pub. L. 102–408, title I, § 102, Oct. 13, 1992, 106 Stat. 1996.)

history & why it existsrecord from the source credit

1944Enacted · Pub. L. 102-408 · 106 Stat. 1996

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

all 0 arguments · sorted by: best

no arguments yet — make the first case