The board, by rules and regulations, shall determine the policy of collections and recovery of loans, including the use of private collection agencies or assigning loans to the United States Secretary of Education. Pursuant to the rules and regulations of the board the department may institute action to recover any amount due the program in any loan transaction, use private collection agencies, or otherwise carry out the policy set by the board.
Mo. Rev. Stat. § 173.150
Recovery of loans
Known as the Higher Education Student Funding Act
The act spans §§ 173–173 (149 sections).
Applied in 1 court decision — leading case Janc v. Coordinating Board for Higher Education (In Re Janc) (2000)
Most recently applied in Janc v. Coordinating Board for Higher Education (In Re Janc) (August 2000)
Effective: 28 Aug 1994; (L. 1967 1st Ex
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.