§ 16-57-9. Loans to minors — Loan obligations.
(a) Any person qualifying for an eligible loan shall not be disqualified to receive a loan guaranteed by the division by reason of his or her being a minor. For the purpose of applying for, securing, receiving, and repaying a loan, any person shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of a person of full age with respect to a loan.
(b) No loan obligation incurred by any individual under the provisions of this chapter may be expunged, reduced, or discharged in any proceeding, including any proceeding in federal bankruptcy court. Any individual receiving a loan under the provisions of this chapter shall be required to sign an affidavit acknowledging the loan and agreeing to this condition.
History of Section.P.L. 1977, ch. 238, § 1; P.L. 2015, ch. 141, art. 7, § 6.
Structure Rhode Island General Laws
Section 16-57-1. - Short title.
Section 16-57-3. - Definitions.
Section 16-57-6.1. - Tuition savings program.
Section 16-57-6.2. - Ownership of assets — Transfer of ownership rights.
Section 16-57-6.3. - Tax-exempt earnings.
Section 16-57-6.4. - Repealed.
Section 16-57-6.5. - Annual audited financial report to the governor and general assembly.
Section 16-57-6.6. - Repealed.
Section 16-57-6.7. - Construction.
Section 16-57-7. - Council on postsecondary education.
Section 16-57-8. - Designated agency.
Section 16-57-9. - Loans to minors — Loan obligations.
Section 16-57-10. - Reserve funds.
Section 16-57-12. - Credit of state.
Section 16-57-16. - Inconsistent provisions.