Skip to main content

Search

Student Loan Law: Tennessee

Educational Credit Management Corporation (ECMC)

P.O. Box 16408

St. Paul, MN 55116-0408

Phone: 1-855-810-4922 (Default Management Recording)

Phone: 1-888-221-3262 (Customer Service)

Fax: 1-877-645-7479

Website: https://www.ecmc.org

Student Loan Law: Utah

Utah Higher Education Assistance Authority

P.O. Box 145110

Salt Lake City, UT 84114-5110

Phone: (801) 321-7294

Toll-Free: (877) 336-7378

Fax: (801) 366-8431

Website: www.uheaa.org

Student Loan Law: Vermont

Vermont Student Assistance Corporation

P.O. Box 2000

10 East Allen Street

Winooski, VT 05404-2601

Phone: (802) 655-4050 or (800) 798-8722

Toll-Free: (800) 642-3177

Fax: (802) 654-3765

TDD: (802) 654-3766 or (800) 281-3341

Email: [email protected]

Website: www.vsac.org

Student Loan Law: Virginia

Educational Credit Management Corporation (ECMC)

P.O. Box 16408

St. Paul, MN 55116-0408

Phone: 1-855-810-4922 (Default Management Recording)

Phone: 1-888-221-3262 (Customer Service)

Fax: 1-877-645-7479

Website: https://www.ecmc.org

Student Loan Law: Listing of Provisions

TITLE 20—EDUCATION

CHAPTER 28—HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE

SUBCHAPTER IV—STUDENT ASSISTANCE

PART C—WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM

20 U.S.C. sec.

* * *

1087d. Agreements with institutions

1087e. Terms and conditions of loans

* * *

Student Loan Law: Listing of Provisions

TITLE 20—EDUCATION

CHAPTER 28—HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE

SUBCHAPTER IV—STUDENT ASSISTANCE

PART B—FEDERAL FAMILY EDUCATION LOAN PROGRAM

20 U.S.C. sec.

* * *

1077. Eligibility of student borrowers and terms of federally insured student loans

* * *

1078. Federal payments to reduce student interest costs

Student Loan Law: Listing of Provisions

TITLE 20—EDUCATION

CHAPTER 28—HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE

SUBCHAPTER IV—STUDENT ASSISTANCE

PART D—FEDERAL PERKINS LOANS

20 U.S.C. sec.

* * *

1087bb. Allocation of funds.

1087cc. Agreements with institutions of higher education.

1087cc-1. Student loan information by eligible institutions

1087dd. Terms of loans.

Consumer Credit Regulation: Or. Rev. Stat. §§ 725.010 to 725.910 (Consumer Finance Act).

What types of lenders it applies to (e.g., banks vs. non-banks): Applies to any person making “consumer finance loans,” defined as secured or unsecured loans or lines of credit that have periodic payments and terms longer than sixty days. However, the Act does not apply to loans of $50,000 or less (including business and agricultural loans) if interest rate does not exceed the greater of 12%, or 5% in excess of the discount rate. § 725.045 (cross-referencing §§ 82.010, 82.025). See next entry for exemptions from licensure requirement.

Consumer Credit Regulation: 7 Pa. Stat. Ann. §§ 6201 to 6219 (West) (Consumer Discount Company Act).

What types of lenders it applies to (e.g., banks vs. non-banks): Does not apply to banking institutions, building and loan associations, credit unions, or entities licensed by Pennsylvania Secretary of Banking. § 6217.

Licensure requirements and implications of licensure: License required to engage in business of making loans of $25,000 or less and charge more than would be permitted without a license. § 6203.

Consumer Credit Regulation: Tenn. Code Ann. §§ 45-5-101 to 45-5-612 (Industrial Loan and Thrift Companies).

What types of lenders it applies to (e.g., banks vs. non-banks): Industrial loan and thrift companies, industrial banks, industrial investment companies. § 45-5-103(a). Law is inapplicable to banks (other than industrial banks), savings and loan associations, credit unions, insurance companies, any other persons engaged in the business of making loans who are subject to supervision and regulation by a state or federal administrative agency, and licensed pawnbrokers. § 45-5-104.

Consumer Credit Regulation: Tenn. Code Ann. §§ 45-12-101 to 45-12-126 (Flexible Credit Act).

What types of lenders it applies to (e.g., banks vs. non-banks)? Applies to licensees under this statute. § 45-12-103(a).

Licensure requirements and implications of licensure: Licensure required. § 45-12-103(a).

Size and length of loans to which the statute applies, and any restrictions in the statute on these features: Statute limits outstanding principal balance to $4,000. § 45-12-111(d).