§18-27-19 Institution powers; interest rates. - West Virginia Statutes

§18-27-19. Institution powers; interest rates.
Notwithstanding any other provision of law, institutions may borrow money from the board, make education loans and take all other actions and do such things as are necessary or convenient to consummate the transactions contemplated under this article. It is lawful for the board to establish, charge, contract for and receive any amount or rate of interest or compensation with respect to board loans and for participating institutions to charge, contract for and receive any amount or rate of interest or compensation with respect to education loans.