Title 20 — Education
Part B · Chapter 28 — Higher Education Resources and Student Assistance
§ 1084. Participation by Federal credit unions in Federal, State, and private student loan insurance programs
Statutory text
Notwithstanding any other provision of law, Federal credit unions shall, pursuant to regulations of the National Credit Union Administration, have power to make insured loans to student members in accordance with the provisions of this part relating to federally insured loans, or in accordance with the provisions of any State or nonprofit private student loan insurance program which meets the requirements of section 1078(a)(1)(B) of this title.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Higher Education Act of 1965
Pub. L. 89–329 title IV § 434 · 79 Stat. 1219
Enacted · 20 U.S.C. § 1084
(Pub. L. 89–329, title IV, § 434, as added Pub. L. 99–498, title IV, § 402(a), Oct. 17, 1986, 100 Stat. 1408.)
Source evidence
Code source credit
(Pub. L. 89–329, title IV, § 434, as added Pub. L. 99–498, title IV, § 402(a), Oct. 17, 1986, 100 Stat. 1408.)Enacted provision · exact public law section
Sec. 434. participation by federal credit unions in federal, state, and private student loan insurance programs Notwithstanding any other provision of law, Federal credit unions shall, pursuant to regulations of the Director of the Bureau of Federal Credit Unions, have power to make insured loans up to 10 per centum of their assets, to student members in accordance with the provisions of this part relating to federally insured loans, or in accordance with the provisions of any State or nonprofit private student loan insurance program which meets the requirements of section 428(a)(1) (C).
1 of 1 references resolved to an enrolled provision
Editorial Notes
Prior Provisions
A prior section 1084, Pub. L. 89–329, title IV, § 434, , 79 Stat. 1247; Pub. L. 90–575, title I, § 116(b)(4), , 82 Stat. 1024; Pub. L. 91–206, § 6, , 84 Stat. 51; Pub. L. 92–318, title I, § 132D(e), , 86 Stat. 264; Pub. L. 94–482, title I, § 127(a), , 90 Stat. 2129; Pub. L. 95–630, title V, § 502(a), , 92 Stat. 3681, related to participation by Federal credit unions in Federal, State, and private student loan insurance programs, prior to the general revision of this part by Pub. L. 99–498.
Credits
(Pub. L. 89–329, title IV, § 434, as added Pub. L. 99–498, title IV, § 402(a), , 100 Stat. 1408.)