Mich. Admin. Code R. 390.1431

Current through Vol. 24-19, November 1, 2024
Section R. 390.1431 - Negotiations and execution of loans; cosigners

Rule 31. Negotiations and execution of educational loans are limited to lenders and participating schools that deal with eligible students or borrowers and the authority. The authority shall not require a cosigner on the note. The lender may require a cosigner on the promissory note.

Mich. Admin. Code R. 390.1431

1979 AC; 1984 AACS; 1990 AACS