Louisiana § RS 17:3045.4 - Louisiana Financial Assistance Commission; duties
Full text of Louisiana Louisiana Civil Code § RS 17:3045.4 — Louisiana Financial Assistance Commission; duties, with citation guidance and answers to common questions.
§ RS 17:3045.4. Louisiana Financial Assistance Commission; duties
The commission shall:
(1) Serve as a direct lender of non-subsidized student loans.
(2) Accept and review each loan application.
(3) Determine the applicant's eligibility and continued eligibility.
(4) Collect any balance which may become due as the result of default on any loan, for which purpose the commission shall have all the same authority as they have for the guaranteed student loan program.
(5) Provide by rule for:
(a) A mechanism for informing students of the availability of the loans.
(b) The creation of all applications, forms, promissory notes, and other instruments necessary for the administration of the program.
(c) An interest rate, which rate shall not exceed the maximum interest rate authorized by the Federal Higher Education Act of 1965.
(d) Any other items necessary for the administration of the program.
Acts 1991, No. 799, §1, eff. July 22, 1991.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 17:3045.4
What does Louisiana Civil Code § RS 17:3045.4 cover?
Section RS 17:3045.4 ("Louisiana Financial Assistance Commission; duties") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. 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 Louisiana § RS 17:3045.4?
A common citation format is "Louisiana Civil Code § RS 17:3045.4" (Louisiana). 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 Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 17:3045.4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana 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 Louisiana.