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Call Now: 904-383-7448This part shall be known and may be cited as the "Georgia Higher Education Assistance Corporation Act." The educational loan program provided for in this part may be referred to and cited as the "Georgia Higher Education Loan Program."
(Code 1933, § 32-3301, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 1981, p. 735, § 1.)
- Defaulting borrower's assertion that the borrower was relieved of the borrower's obligation to repay a loan by virtue of certain oral representations made by an agent of a lender was in direct conflict with the language of the note itself, which clearly and unconditionally required the indebtedness to be repaid in cash in monthly installments. Georgia Higher Educ. Assistance Corp. v. Geldon, 187 Ga. App. 798, 371 S.E.2d 449 (1988).
Georgia Higher Education Assistance Corporation may invest default reserve funds with federal savings and loan associations and with state-chartered building and loan associations which are insured by the Federal Savings and Loan Insurance Corporation. 1969 Op. Att'y Gen. No. 69-215.
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