Okla. Stat. tit. 70, § 70-695.6
This is the official text of Okla. Stat. tit. 70, § 70-695.6, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Conditions of loans
Official statutory text
The amount of any loan to a qualified person shall be determined
according to regulations promulgated by the Student Loan Authority.
No payment shall be made to any qualified person until he has
executed a note payable to a fund which shall be created to be known
as the "Student Loan Sinking Fund", for the full amount of the loan
and interest thereon. For the purpose of the Oklahoma Student Loan
Act, Section 695.1 et seq. of this title, a qualified person has the
capacity to contract and is bound by any contract executed by him;
the defense that he was a minor at the time he executed a note is
not available to him in any action arising on his note. Payments to
qualified persons executing notes may be made annually,
semiannually, or for each semester as determined by the Authority.
The rate of interest charged the student shall be determined by the
Student Loan Authority. Disbursements may be made to a
participating institution pursuant to a contract between the
Authority and the participating institution executed under the
Oklahoma Student Loan Act.
according to regulations promulgated by the Student Loan Authority.
No payment shall be made to any qualified person until he has
executed a note payable to a fund which shall be created to be known
as the "Student Loan Sinking Fund", for the full amount of the loan
and interest thereon. For the purpose of the Oklahoma Student Loan
Act, Section 695.1 et seq. of this title, a qualified person has the
capacity to contract and is bound by any contract executed by him;
the defense that he was a minor at the time he executed a note is
not available to him in any action arising on his note. Payments to
qualified persons executing notes may be made annually,
semiannually, or for each semester as determined by the Authority.
The rate of interest charged the student shall be determined by the
Student Loan Authority. Disbursements may be made to a
participating institution pursuant to a contract between the
Authority and the participating institution executed under the
Oklahoma Student Loan Act.
Status: in_force · Read it on the official government site
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