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Pennsylvania Statutes Title 24 P.S. Education § 5105.4. Rules and regulations

Current as of January 01, 2025 | Updated by Findlaw Staff

The rules and regulations of the agency under section 4(6)  1 relating to the making of loans to lending institutions shall require that such loans:

(1) Be evidenced by instruments delivered by each lending institution to the agency constituting such loan indebtedness a general obligation of such lending institution or other form of collateral acceptable to the board of directors; and

(2) Be secured as to payment by a pledge of a lien upon collateral security.

The agency may require that any such security be lodged with a bank or trust company, located within or outside the Commonwealth, designated by the agency as custodian therefor.

1 24 P.S. § 5104(6).
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 24 P.S. Education § 5105.4. Rules and regulations - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-24-ps-education/pa-st-sect-24-5105-4/

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