New Jersey § 18a:71c-3
Full text of New Jersey New Jersey Statutes § 18a:71c-3, with citation guidance and answers to common questions.
§ 18a:71c-3.
Upon approval by the authority of a federal loan application, any eligible lender
may make a loan as approved and upon the terms and conditions required under this
article, but no moneys shall be advanced or paid under any loan until the applicant
has satisfied the authority, and the eligible institution certifies to the lender
that the applicant, or the person on behalf of whom the parent is the applicant, has
been admitted to, or is in regular attendance and in good standing at, an eligible
institution located in this State or elsewhere. Any lender making a loan shall cooperate with the authority in supervising the use
of credit in accordance with its purposes. If disbursement of loan proceeds is in the form of a check, the check representing
the loan proceeds shall be made payable to the applicant and the eligible institution
jointly, except when the applicant is attending an eligible institution not located
in the United States, in which instance the check may be made payable to the applicant
only. Disbursement may also be made by master check, electronic funds transfer, or other
methods permitted under 20 U.S.C.s.1071 et seq.
Frequently Asked Questions About New Jersey § 18a:71c-3
What does New Jersey Statutes § 18a:71c-3 cover?
Section 18a:71c-3 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 18a:71c-3?
A common citation format is "New Jersey Statutes § 18a:71c-3" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:71c-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.