Miss. Code Ann. § 37-145-11

Board of trustees to serve as direct lender of non-subsidized student loans; general duties

Known as the Mississippi Opportunity Loan Program Act

The act spans §§ 37–37 (37 sections).

Laws, 1992, ch. 475, § 6, eff from and after passage (approved May 6, 1992

The board of trustees shall serve as the direct lender of the non-subsidized student loans authorized under this chapter and in such capacity shall:

Accept and review each loan application;

Determine the applicant’s eligibility and continued eligibility;

Collect any balance which may become due as a result of default on any loan, for which purpose the board of trustees shall have all the same authority as they have for the guaranteed student loan program; and

Provide by rule for:

A mechanism for informing students of the availability of the loans;

The creation of all applications, forms, promissory notes and other instruments necessary for the administration of the program; and

Any other items necessary for the administration of the program.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.