Section 20-3-281. Sale, pledge, or assignment of educational loans

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A lender may sell loans guaranteed by the corporation, or an interest in such loans, to another lender only in accordance with regulations of the corporation; and in such event the guaranty liability of the corporation on such loans or interests therein shall not be affected. A lender may pledge or assign loans guaranteed by the corporation, or an interest in such loans, as security to pledgees or assignees only in accordance with regulations of the corporation; and in such event the guaranty liability of the corporation on such loans or interests therein shall not be affected.

Ga. L. 1970, p. 478, §§ 6, 7; Ga. L. 1973, p. 650, § 4; Code 1933, § 32-3323, enacted by Ga. L. 1980, p. 835, § 2.

                    
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