ARTICLE 4.1. California Student Loan Refinancing Program

Article 4.1 added by Stats. 2014, Ch. 816, Sec. 2.

§§ 94157–94165 · 9 sections

• § 94157 As used in this article, unless the context requires otherwise, the following terms have the following meanings: (a) “Executive director” means the Executive…
• § 94158 (a) The California Student Loan Refinancing Program is hereby established under the administration of the authority. The goal of the program is to help college…
• § 94159 (a) The authority shall establish a loss reserve account for each financial institution with which the authority enters into a contract. (b) The loss reserve…
• § 94160 (a) If a financial institution seeks to enroll a qualified loan in the program in order to obtain the protection against loss provided by its loss reserve…
• § 94161 (a) The authority shall establish procedures under which financial institutions may submit claims for reimbursement for losses incurred as a result of…
• § 94162 Notwithstanding Section 10231.5 of the Government Code, the authority shall annually submit a report to the Governor and the Legislature that describes the…
• § 94163 The authority may enter into agreements with financial institutions, or with other agencies of the state, to provide necessary assistance in carrying out the…
• § 94164 Notwithstanding the other provisions of this article, the authority may facilitate the development of a secondary market for a qualified loan under the program…
• § 94165 The authority may adopt emergency regulations for the implementation of the program. Any emergency regulations that may be adopted by the authority under this…