The corporation is authorized to charge and collect insurance premiums on loans in accordance with the federal act and to provide for all matters relative thereto. In the administration of the program, the insurance premium charged may be identified and referred to as a “guaranty fee.” Guaranty fees collected by the corporation shall be credited to the corporation’s loan guaranty fund.
History. Code 1933, § 32-3311, enacted by Ga. L. 1980, p. 835, § 2.
Structure Georgia Code
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
§ 20-3-264. Functions and Composition of Board of Directors; Organization and Conduct of Affairs
§ 20-3-265. Corporation Officers and Employees; Bonds
§ 20-3-267. Accounting System; Use of Funds; Payments to Commission
§ 20-3-268. Annual Audits of Corporation; Distribution of Audit Reports
§ 20-3-270. Loan Guaranties Conditioned on Lenders’ and Holders’ Due Diligence
§ 20-3-271. Insurance Premiums or Guaranty Fees
§ 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
§ 20-3-280. 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