Title 20-A: EDUCATION

Part 5: POST-SECONDARY EDUCATION

Chapter 417-C: HIGHER EDUCATION LOAN AND LOAN INSURANCE PROGRAM

§11462. Loans to minors

Notwithstanding any other law, if the borrower on a loan made or insured under this program is a minor, an otherwise valid note or other written agreement executed by the borrower for the purpose of the loan creates a binding obligation.   [PL 1991, c. 824, Pt. A, §35 (NEW).]

SECTION HISTORY

PL 1991, c. 824, §A35 (NEW).