SB0169 amends the Student Investment Account Act to allow the State Treasurer to manage refinance loans and collect insurance premiums.
SB0169 amends the Student Investment Account Act by authorizing the State Treasurer to originate, guarantee, acquire, and service refinance loans, invest in, and enter into contracts with institutions that provide refinance loans, and charge and collect premiums for insurance on income share agreements or education loans. The bill also allows the State Treasurer to deduct from a State employee's salary, wages, commissions, and bonuses the recovery of a refinance loan debt.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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