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MAINE STATUTES AND CODES
20-A §11406. Loans to minors
Title 20-A: EDUCATION
Part 5: POST-SECONDARY EDUCATION
Chapter 417: FEDERAL FINANCIAL ASSISTANCE PROGRAMS HEADING: PL 1989, C. 698, §13 (RPR)
Subchapter 1: LOAN INSURANCE PROGRAMS HEADING: PL 1989, C. 698, §13 (RPR)
§11406. Loans to minors
Notwithstanding any other law, if the borrower on a loan insured under this program is a minor, an otherwise valid note or other written agreement executed by the borrower for the purpose of the loan creates a binding obligation. [1989, c. 698, §13 (RPR); 1989, c. 698, §76 (AFF).]
SECTION HISTORY
1981, c. 693, §§5,8 (NEW). 1983, c. 806, §83 (AMD). 1989, c. 698, §13 (RPR).