53B-12-105. Agreement with loan holders -- Terms unalterable.
(1) The rights vested in the board to fulfill the terms of an agreement made with the
holder of a guaranteed loan shall not be limited or altered nor shall the rights and remedies of the
holder be impaired in any manner until the guaranteed loan is fully met and discharged.
(2) An agreement with the holder of a guaranteed loan shall include a statement to this
effect.
Enacted by Chapter 167, 1987 General Session
Download Code Section Zipped WordPerfect 53B12_010500.ZIP 1,673 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Wednesday, July 23, 2008