New Hampshire Revised Statutes 195-E:15-a – Designation of Eligible Lender for Federally Guaranteed Student Loans
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Terms Used In New Hampshire Revised Statutes 195-E:15-a
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
New Hampshire Higher Education Loan Corporation, a New Hampshire voluntary, nonprofit corporation, is hereby designated as “eligible lender” within the meaning of 20 U.S.C. § 1085(d)(1)(D), to enable it to provide a secondary market for federally guaranteed student loans. Furthermore, New Hampshire Higher Education Loan Corporation is requested to acquire student loan notes pursuant to and in accordance with the provisions of 26 U.S.C. § 150(d), as it may be amended from time to time.