Contracts and Guaranty Agreements

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Sec. 5. The commission may enter into contracts and guaranty agreements with approved lenders, state governmental agencies, other corporations, and federal governmental agencies, including agreements for federal insurance of losses resulting from death, default, bankruptcy, or total and permanent disability of borrowers.

[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-2(7).]

As added by P.L.2-2007, SEC.257.


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