§ 15-5-1908. Purchase of student loan notes

AR Code § 15-5-1908 (2018) (N/A)
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(1) The note represents a loan actually disbursed to a qualified borrower;

(2) Due diligence both in making and collecting the loan has been exercised with respect to that loan;

(3) The loan meets such other reasonable criteria as may be established from time to time by the Arkansas Development Finance Authority; and

(4) Other defects do not exist affecting the ability of the loan to be guaranteed.