Chapter 615 - HIGHER EDUCATION LOAN PURCHASE PROGRAM

  1. § 457-615-I - Definitions
  2. § 457-615-II - Forward purchase contracts with eligible lenders
  3. § 457-615-III - Loan Origination
  4. § 457-615-IV - Borrower Benefits
  5. § 457-615-V - Bond Terms
  6. § 457-615-VI - Program Branding
  7. § 457-615-VII - Confidentiality of Borrower Information
  8. § 457-615-VIII

Summary: This rule implements the Higher Education Loan Purchase Program whereby the authority may originate or purchase federally guaranteed student loans from eligible lenders that have entered into a contract with the Authority to provide specified borrower benefits to borrowers.

Notes

EFFECTIVE DATE:
November 23, 2003 - filing 2003-438
May 4, 2009 - filing 2009-184, Amendment 1 (EMERGENCY)
July 12, 2009 - filing 2009-320, Amendment 1

STATUTORY AUTHORITY: 20-A M.R.S.A. §11493(3)

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