Text: HF02474 Text: HF02476 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE FILE 2475 1 2 1 3 AN ACT 1 4 PROVIDING FOR THE ESTABLISHMENT AND PERFECTION OF A SECURITY 1 5 INTEREST IN CERTAIN EDUCATION LOANS. 1 6 1 7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 8 1 9 Section 1. NEW SECTION. 261.43A SECURITY INTEREST IN 1 10 EDUCATION LOANS. 1 11 A nonprofit organization qualifying for tax-exempt status 1 12 under the Internal Revenue Code, as defined in section 422.3, 1 13 that provides or acquires education loans in the 1 14 organization's normal course of business shall, 1 15 notwithstanding any contrary provision of chapter 554 or other 1 16 state law, establish and perfect a security interest and 1 17 establish priority over other security interests in such 1 18 education loans by filing in the same manner as provided for 1 19 perfecting a security interest in a student loan pursuant to 1 20 20 U.S.C. } 1082(m)(1)(E). This section applies to education 1 21 loans provided under this chapter by such nonprofit 1 22 organizations and other education loans provided by such 1 23 nonprofit organizations. 1 24 1 25 1 26 1 27 BRENT SIEGRIST 1 28 Speaker of the House 1 29 1 30 1 31 1 32 MARY E. KRAMER 1 33 President of the Senate 1 34 1 35 I hereby certify that this bill originated in the House and 2 1 is known as House File 2475, Seventy-ninth General Assembly. 2 2 2 3 2 4 2 5 MARGARET THOMSON 2 6 Chief Clerk of the House 2 7 Approved , 2002 2 8 2 9 2 10 2 11 THOMAS J. VILSACK 2 12 Governor
Text: HF02474 Text: HF02476 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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