§40.4. Security.
25 C.F.R. § 40.4
If a borrower or cosigner has security to offer for an educational loan it must be given in an amount adequate to protect the loan.
Notes, amendments, and revision history
Authority
Authority: Sec. 11, 48 Stat. 986; 25 U.S.C. 471.
Source
Source: 22 FR 10533, Dec. 24, 1957, unless otherwise noted. Redesignated at 47 FR 13327, Mar. 30, 1982.