Tenn. Code Ann. » Tenn. Code / Title 49 / Chapter 4 / Part 2
Tennessee Code Annotated

Tenn. Code Ann. § 49-4-201 (2026)

Creation

✓ current as of May 2026
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There is created a nonprofit corporation, which shall be known as the Tennessee student assistance corporation, to administer student assistance programs authorized by law, which corporation shall be registered with the secretary of state, and shall be subject to the corporate laws of this state, except as provided in parts 2, 3, and 6-9 of this chapter.

Amended by 2020 Tenn. Acts, ch. 794, s 8, eff. 8/1/2020.

Acts 1974, ch. 620, § 1; 1976, ch. 415, § 9; T.C.A., §§ 49-5001, 49-50-101.

Notes of Decisions
Cited in 6 cases, 1996–2004 · leading case: Tennessee Student Assistance Corp. v. Hood, 541 U.S. 440 (2004).
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Tennessee Student Assistance Corp. v. Hood, 541 U.S. 440 (2004). · cites it 2× “*444 Tenn. Code Ann. § 49-4-201 (2002). TSAC guarantees student loans made to residents of Tennessee and to nonresidents who are either enrolled in an eligible school in Tennessee or make loans through an approved Tennessee lender.”
Jones v. Intuition, Inc., 12 F. Supp. 2d 775 (W.D. Tenn. 1998). · cites it 4× “Defendant TSAC was created by charter of the State of Tennessee, T.C.A. §§ 49-4-201 et seq., to guarantee and administer student assistance programs, one of which is the Federal Family Education Loan Program (“FFELP”).”
Dodson v. Tennessee Student Assistance Corp. (In Re Dodson), 259 B.R. 635 (Bankr. E.D. Tenn. 2001). · cites it 4× “This court respectfully disagrees with the holding in Innes and with the Plaintiffs assertion that Tenn. Code Ann. §§ 49-4-201 and 49-4-403, various Rules of the Tennessee Student Assistance Corporation, and the Common Manual provisions combine to form a waiver of TSAC’s…”
Seay v. Tennessee Student Assistance Corp. (In Re Seay), 244 B.R. 112 (Bankr. E.D. Tenn. 2000). · cites it 2× “Tenn.Code Ann. §§ 49-4-201 to -212; 49-4-401 to -508.”
Hornsby v. Tennessee Student Assistance Corp. (In Re Hornsby), 201 B.R. 195 (Bankr. W.D. Tenn. 1996). · cites it 2× “Defendant is a nonprofit corporation created to administer student assistance programs authorized by law pursuant to Tenn. Code Ann. §§ 49-4-201 et seq. (1989 & 1992 Supp.”
Hornsby v. Tennessee Student Assistance Corp. (In Re Hornsby), 242 B.R. 647 (Bankr. W.D. Tenn. 1999). “§§ 49-4-201 et seq. (1989 & 1992 Supp.). TSAC is governed by a board of directors consisting of a number of state officials, and one of the primary purposes of TSAC is to receive state and federal funds for the purpose of guaranteeing student loans.”
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