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Minnesota Statutes 50.147 - Authorized Investments; Student Loans |
Minnesota Statutes > Banking > Chapter 50 > § 50.147 - Authorized Investments; Student LoansCurrent as of: 2010 In addition to other investments authorized by law, a savings bank organized under the laws of this state may make student loans. Such loans may be secured or unsecured, and the lender may require a comaker or guaranty under a governmental student loan guarantee plan, or both. The borrower shall certify to the lender that the proceeds of the loan are to be used by a student solely for the payment of expenses of college, university or vocational education. History:1969 c 658 s 1
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Federal Regulations: Savings Banks |
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