Arkansas § 15-5-1902 - Creation of the Student Loan Authority Division — Assumption of obligations of Arkansas Student Loan Authority.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-5-1902 — Creation of the Student Loan Authority Division — Assumption of obligations of Arkansas Student Loan Authority., with citation guidance and answers to common questions.
§ 15-5-1902. Creation of the Student Loan Authority Division — Assumption of obligations of Arkansas Student Loan Authority.
There is established the Student Loan Authority Division of the Arkansas Development Finance Authority. The division shall be the instrumentality of the state charged with a portion of the responsibility of the state to provide educational opportunities in keeping with all applicable state and federal laws. The Arkansas Development Finance Authority shall employ professional and clerical assistance, including loan servicing and legal assistance, as it shall deem necessary or appropriate to properly carry out the responsibilities of the division. The Arkansas Development Finance Authority may adopt such rules to be followed by the division in conducting business as necessary to carry out the purposes of this subchapter, including rules governing: Compliance statutes or regulations governing the guaranty, insurance, purchase, or other dealing in guaranteed educational loans or education loans by corporations or federal agencies; and Standards of eligibility for educational institutions, students, and lenders. As the successor to the Arkansas Student Loan Authority, the division assumes all obligations under all contracts and debt obligations of the Arkansas Student Loan Authority that are effective or outstanding as of July 1, 2017.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-5-1902
What does Arkansas Code of 1987 Annotated § 15-5-1902 cover?
Section 15-5-1902 ("Creation of the Student Loan Authority Division — Assumption of obligations of Arkansas Student Loan Authority.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-5-1902?
A common citation format is "Arkansas Code of 1987 Annotated § 15-5-1902" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-5-1902 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.