California Education Code ARTICLE 4.1 - California Student Loan Refinancing Program

• Section 94157.
  As used in this article, unless the context requires otherwise, the following terms have the following meanings:(a) “Executive director” means the Executive Director of the California...
• Section 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 graduates...
• Section 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 account for a...
• Section 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...
• Section 94161.
  (a) The authority shall establish procedures under which financial institutions may submit claims for reimbursement for losses incurred as a result of qualified loan defaults. A...
• Section 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 program’s financial...
• Section 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 program,...
• Section 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 by...
• Section 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 section...

Last modified: October 22, 2018