261.43A Security interest in education loans.
A nonprofit organization qualifying for tax-exempt status under the Internal Revenue Code, as defined in section 422.3, that provides or acquires education loans in the organization’s normal course of business shall, notwithstanding any contrary provision of chapter 554 or other state law, establish and perfect a security interest and establish priority over other security interests in such education loans by filing in the same manner as provided for perfecting a security interest in a student loan pursuant to 20 U.S.C. §1082(m)(1)(E). This section applies to education loans provided under this chapter by such nonprofit organizations and other education loans provided by such nonprofit organizations.
2002 Acts, ch 1021, §1
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Chapter 261 - COLLEGE STUDENT AID COMMISSION
Section 261.1 - Commission created.
Section 261.2 - Duties of commission.
Section 261.3 - Organization — bylaws.
Section 261.4 - Funds — compensation and expenses of commission.
Section 261.5 - Response to national emergency — waiver authority.
Section 261.6 - All Iowa opportunity foster care grant program.
Section 261.7 - Textbook notice — legislative intent and recommendation.
Section 261.8 - Corporation for educational financial assistance, services, and research.
Section 261.10 - Who qualified.
Section 261.11 - Extent of grant.
Section 261.12 - Amount of grant.
Section 261.13 - Annual grant.
Section 261.14 - Other aid considered.
Section 261.15 - Administration by commission — rules.
Section 261.16 - Application for grants.
Section 261.16A - Iowa tuition grants — for-profit institutions.
Section 261.17 - Vocational-technical tuition grants.
Section 261.17A - Iowa hope loan program.
Section 261.19 - Health care professional recruitment program.
Section 261.19A - Osteopathic forgivable loan program.
Section 261.19B - Osteopathic physician recruitment revolving fund.
Section 261.20 - Scholarship and tuition grant reserve fund.
Section 261.21 - National guard tuition aid program.
Section 261.22 - Accelerated career education grants.
Section 261.23 - Registered nurse and nurse educator loan forgiveness program.
Section 261.24 - Iowa state fair scholarship.
Section 261.25 - Appropriations — standing limited.
Section 261.38 - Agency operating account.
Section 261.39 - Transfer of funds and assets.
Section 261.41 - Account dissolved — balance to general fund.
Section 261.43 - Actions not barred.
Section 261.43A - Security interest in education loans.
Section 261.44 - Guaranteed loan payment program.
Section 261.48 - Minority teacher loan payments.
Section 261.54 - Repayment of science and mathematics loans.
Section 261.61 - Barber and cosmetology arts and sciences tuition grant program.
Section 261.62 - Iowa state fair scholarship.
Section 261.71 - Chiropractic graduate student forgivable loans.
Section 261.72 - Chiropractic loan revolving fund.
Section 261.73 - Chiropractic loan forgiveness program.
Section 261.81 - Work-study program.
Section 261.81A - Iowa heritage corps.
Section 261.82 - Duties of college student aid commission.
Section 261.83 - Eligibility and duties of institutions.
Section 261.84 - Student eligibility.
Section 261.85 - Appropriation.
Section 261.86 - National guard service scholarship program.
Section 261.86A - National guard STEM-related recruitment and retention incentive programs.
Section 261.87 - All Iowa opportunity scholarship program and fund.
Section 261.93 - Program established — who qualified.
Section 261.93A - Appropriation — percentages.
Section 261.94 - Extent of grant.
Section 261.95 - Amount of grant.
Section 261.96 - Administration by commission — rules.
Section 261.97 - Application for grants.
Section 261.101 - Legislative intent.
Section 261.102 - Definitions.
Section 261.103 - Program qualifications.
Section 261.104 - Powers of the commission.
Section 261.105 - Duties of applicant.
Section 261.110 - Teach Iowa scholar program.
Section 261.111 - Teacher shortage forgivable loan program.
Section 261.112 - Teacher shortage loan forgiveness program.
Section 261.113 - Rural Iowa primary care loan repayment program — fund — appropriations.
Section 261.115 - Health care professional recruitment program.
Section 261.116 - Health care loan repayment program.
Section 261.120 - Rural veterinarian loan repayment program — fund — appropriations.
Section 261.121 - Notice to individual of potential sanction of license.
Section 261.123 - Written agreement.
Section 261.124 - Decision of the commission.
Section 261.125 - Certificate of noncompliance — certification to licensing authority.
Section 261.126 - Requirements and procedures of licensing authority.
Section 261.127 - District court hearing.
Section 261.128 - Health care professional incentive payment program — repeal.
Section 261.129 - Iowa needs nurses now initiative.
Section 261.130 - Skilled workforce shortage tuition grant program.
Section 261.131 - Future ready Iowa skilled workforce last-dollar scholarship program.
Section 261.132 - Future ready Iowa skilled workforce grant program.