§ 981 to 996. Repealed. Pub. L. 90–575, title I, § 116(c)(1), Oct. 16, 1968, 82 Stat. 1024
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Pub. L. 90–575, title I, § 116(c)(1) , Oct. 16, 1968 , 82 Stat. 1024 Section 981, Pub. L. 89–287, § 2 , Oct. 22, 1965 , 79 Stat. 1037 ; Pub. L. 90–460, § 2(d)(3) , Aug. 3, 1968 , 82 Stat. 634 , set forth Congressional declaration of purpose for the chapter and authorized appropriations to carry out such purpose. Section 981 note, Pub. L. 89–287, § 1 , Oct. 22, 1965 , 79 Stat. 1037 , provided that Pub. L. 89–287 , which enacted this chapter, be cited as the National Vocational Loan Insurance Act of 1965.
Section 982, Pub. L. 89–287, § 3 , Oct. 22, 1965 , 79 Stat. 1037 , authorized Commissioner to make advances to State and nonprofit private loan insurance programs. Section 983, Pub. L. 89–287, § 4 , Oct. 22, 1965 , 79 Stat. 1038 , prohibited Commissioner from issuing certificates of insurance to lenders in States having adequate non-Federal loan insurance programs. Section 984, Pub. L. 89–287, § 5 , Oct. 22, 1965 , 79 Stat. 1038 ; Pub. L. 90–460, § 1(b)(1) , Aug. 3, 1968 , 82 Stat. 634 , set forth scope and duration of loan insurance program of this chapter.
Section 985, Pub. L. 89–287, § 6 , Oct. 22, 1965 , 79 Stat. 1039 , limited annual and aggregate amounts available to individuals as loans and covered by insurance under this chapter. Section 986, Pub. L. 89–287, § 7 , Oct. 22, 1965 , 79 Stat. 1039 , provided for insurance coverage for loans made by eligible lenders, regardless of source of such loaned funds. Section 987, Pub. L. 89–287, § 8 , Oct. 22, 1965 , 79 Stat. 1039 ; Pub. L. 90–460, § 2(c)(1) , Aug. 3, 1968 , 82 Stat. 634 , set forth prerequisites of student eligibility and terms and conditions of note executed by student.
Section 988, Pub. L. 89–287, § 9 , Oct. 22, 1965 , 79 Stat. 1041 ; Pub. L. 90–460 , §§ 1(b)(2), 2(c)(2), (d), Aug. 3, 1968 , 82 Stat. 634 , provided for reduction of student interest costs by Federal payments. Section 989, Pub. L. 89–287, § 10 , Oct. 22, 1965 , 79 Stat. 1043 , Pub. L. 90–460, § 1(b)(3) , Aug. 3, 1968 , 82 Stat. 634 , authorized Commissioner to make direct loans to students residing in areas where loans insurable under this chapter are unavailable. Section 990, Pub. L. 89–287, § 11 , Oct. 22, 1965 , 79 Stat. 1043 , provided for certificates of insurance to be issued to eligible lenders.
Section 991, Pub. L. 89–287, § 12 , Oct. 22, 1965 , 79 Stat. 1045 , set forth procedure for collection in case of default, death, or disability of student borrower. Section 992, Pub. L. 89–287, § 13 , Oct. 22, 1965 , 79 Stat. 1046 , established Vocational Student Loan Insurance Fund. Section 993, Pub. L. 89–287, § 14 , Oct. 22, 1965 , 79 Stat. 1047 , enumerated powers and duties of Commissioner with respect to carrying out purposes of this chapter. Section 994, Pub. L. 89–287, § 15 , Oct. 22, 1965 , 79 Stat. 1048 , established Advisory Council on Insured Loans to Vocational Students in the Office of Education.
Section 995, Pub. L. 89–287, § 16 , Oct. 22, 1965 , 79 Stat. 1048 , authorized Federal credit unions to make insured loans to student members. Section 996, Pub. L. 89–287, § 17 , Oct. 22, 1965 , 79 Stat. 1048 , defined “eligible institution”, “eligible lender”, “line of credit”, “State”, “Secretary”, and “Commissioner”.
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13 references not yet in our index
- Pub. L. 90-575
- 82 Stat. 1024
- Pub. L. 89-287
- Pub. L. 90-460
- 82 Stat. 634
- 79 Stat. 1038
- 79 Stat. 1039
- 79 Stat. 1041
- 79 Stat. 1043
- 79 Stat. 1045
- 79 Stat. 1046
- 79 Stat. 1047
- 79 Stat. 1048
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§ 981 to 996
Repealed. Pub. L. 90–575, title I, § 116(c)(1), Oct. 16, 1968, 82 Stat. 1024
Pub. L.Pub. L. 90-575
Stat.82 Stat. 1024
Pub. L.Pub. L. 89-287
Pub. L.Pub. L. 90-460
Stat.82 Stat. 634
Cites 14 · showing 6Cited by 0 across 0 sources