Georgia Code
Part 2 - Georgia Higher Education Assistance Corporation
§ 20-3-260. Short Title; Name of Program

This part shall be known and may be cited as the “Georgia Higher Education Assistance Corporation Act.” The educational loan program provided for in this part may be referred to and cited as the “Georgia Higher Education Loan Program.”
History. Code 1933, § 32-3301, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 1981, p. 735, § 1.

Structure Georgia Code

Georgia Code

Title 20 - Education

Chapter 3 - Postsecondary Education

Article 7 - Scholarships, Loans, and Grants

Part 2 - Georgia Higher Education Assistance Corporation

§ 20-3-260. Short Title; Name of Program

§ 20-3-261. Legislative Findings; Purpose of Corporation

§ 20-3-262. Definitions

§ 20-3-263. Corporation Created as Successor to Former Georgia Higher Education Assistance Corporation

§ 20-3-264. Functions and Composition of Board of Directors; Organization and Conduct of Affairs

§ 20-3-265. Corporation Officers and Employees; Bonds

§ 20-3-266. Powers and Duties of the Corporation; Conflicts With Federal or State Law; Confidentiality

§ 20-3-267. Accounting System; Use of Funds; Payments to Commission

§ 20-3-268. Annual Audits of Corporation; Distribution of Audit Reports

§ 20-3-269. Loan Guaranties Not State Debt; Directors and Officers Not Personally Liable for Issuance of Guaranties

§ 20-3-270. Loan Guaranties Conditioned on Lenders’ and Holders’ Due Diligence

§ 20-3-271. Insurance Premiums or Guaranty Fees

§ 20-3-272. Submission of Lenders’ Billings and Reports to Secretary by Corporation; Use of State Funds to Accelerate Federal Payments

§ 20-3-273. State Interest Subsidy Payments for Student Borrowers

§ 20-3-274. Loan Discount Payments to Lenders

§ 20-3-275. Funds Maintained by Corporation

§ 20-3-276. School Rights Subject to Rules and Regulations

§ 20-3-277. Lender Rights Subject to Rules and Regulations

§ 20-3-279. Persons Forbidden to Engage in Business of Furnishing Educational Loan Information or Assistance

§ 20-3-280. Lender and School Audits; Program Reviews; Corrective Actions

§ 20-3-281. Sale, Pledge, or Assignment of Educational Loans

§ 20-3-282. Contracted Servicing of Loans

§ 20-3-283. Contributions Deductible for Income Tax Purposes

§ 20-3-284. Exemption of Corporation From Taxation

§ 20-3-285. Exemption of Lenders From Certain Taxation

§ 20-3-286. Conflicts of Interest Involving Directors, Officers, or Employees of Corporation

§ 20-3-287. Borrowers Deemed Capable Regardless of Age

§ 20-3-288. Proof of Residency in State

§ 20-3-289. Eligibility of Students in Default for Other State Student Assistance

§ 20-3-290. Corporation Assigned to Commission

§ 20-3-291. Termination and Dissolution of Corporation

§ 20-3-292. Venue of Proceedings Against Corporation

§ 20-3-293. General Banking or Insurance Business by Corporation Prohibited

§ 20-3-294. Operations Reports by Corporation

§ 20-3-295. Licensing Entities Prohibited From Refusing to Issue License or Suspending or Revoking License of Borrower in Default Under Certain Educational Loan Programs