reglab/housing_qa huggingface dataset:
IN Code § 21-16-4-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 4. Guaranteed Student Loan Program|21-16-4-11. Student Loan Program Fund; Administration

Sec. 11. Funds received under the loan program shall be deposited with the treasurer of state in a separate account known as the "student loan program fund". The money remaining in the student loan program fund at the end of a state fiscal year does not revert to the state general fund but remains available to be used for providing student loans under this chapter. After consultation with the program director of the loan program, the treasurer of state shall invest the funds. The income earned on the invested amount is part of the fund.[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-4.]As added by P.L.2-2007, SEC.257. Amended by P.L.234-2007, SEC.50.
IN Code § 21-16-4-12 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 4. Guaranteed Student Loan Program|21-16-4-12. Tax Exemption

Sec. 12. The property, income, obligations, and activities of the program are exempt from all state and local taxation.[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-5.]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-4-13 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 4. Guaranteed Student Loan Program|21-16-4-13. Forbearance

Sec. 13. Sections 14 through 16 of this chapter do not preclude any forbearance for the benefit of the borrower agreed upon by the parties to the guaranteed loan and the commission.[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-6(c).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-4-14 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 4. Guaranteed Student Loan Program|21-16-4-14. Default; Procedures

Sec. 14. Upon default by a borrower on a loan guaranteed under this chapter, and before the commencement of a suit or other enforcement proceedings upon security for the loan, the holder of the guaranteed loan obligation shall promptly notify the commission and the commission shall pay the holder of that loan as soon as the amount is determined. The commission shall determine the amount of loss in accordance with its rules; however, the amount of loss may not exceed the unpaid balance of the principal amount and the unpaid accrued interest.[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-6(a).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-4-15 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 4. Guaranteed Student Loan Program|21-16-4-15. Payment on Loss; Subrogation Rights

Sec. 15. Upon payment by the commission of the guaranteed part of the loss upon a default by a borrower, the commission shall be subrogated to the rights of the holder of the obligation upon the insured loan and is entitled to an assignment of the note or other evidence of the guaranteed loan by the holder.[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-6(b).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-4-16 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 4. Guaranteed Student Loan Program|21-16-4-16. Holder of Guarantee Loans; Duties

Sec. 16. A holder of a guaranteed loan shall exercise reasonable care and diligence in the making and collection of loans under this chapter. If the commission finds that reasonable care and diligence are not being exercised by a holder of a guaranteed loan, the commission may:(1) withdraw its guarantee on an individual borrower basis, allowing the approved lender to continue participation in the program, after reasonable notice to the lender; or(2) disqualify the approved lender from the guarantee of further loans upon finding, after reasonable notice and hearing, that the lender has substantially failed to exercise reasonable care and diligence in the making and collection of loans under this chapter.These disqualifications shall continue until the commission is satisfied that the lender will exercise reasonable care and diligence in the future.[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-6(d).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-4-17 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 4. Guaranteed Student Loan Program|21-16-4-17. Dissolution of Loan Program

Sec. 17. The loan program established by this chapter may not be dissolved until all guaranteed loans have been repaid by the borrower or, if in default, by the commission. Upon dissolution of the loan program, all the property and money of the program not owed to the federal government vests in the state general fund.[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-7.]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-4-18 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 4. Guaranteed Student Loan Program|21-16-4-18. Legal Representation; Attorney General; Private Attorney

Sec. 18. The attorney general shall act as legal counsel to the commission. When the collection of loans on which the commission has met its guarantee obligation requires legal action outside the state of Indiana, the commission, upon the recommendation of the attorney general, may employ private, out of state counsel and expend its own funds to pay for this service.[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-8.]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-1. Secondary Market for Guaranteed Student Loans; Establishment of Corporation

Sec. 1. The governor may request, on behalf of the state, the establishment of a private nonprofit corporation, with a bipartisan board of directors, to serve as a secondary market for education loans. If a private nonprofit corporation is established, the governor may designate the corporation to:(1) serve as the secondary market for education loans; and(2) act as an eligible lender under a federal program.The corporation must satisfy the conditions imposed by sections 3 through 10 of this chapter, and its articles of incorporation must provide that upon the corporation's liquidation, any surplus funds must be paid to the state.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-2(a).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-2 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-2. Public Hearing; Notice

Sec. 2. Before designation by the governor under section 1 of this chapter, the corporation shall conduct a public hearing to give all interested parties an opportunity to review and comment upon the bylaws and method of operation of the corporation. Notice of this hearing must be given at least fourteen (14) days before the hearing in the manner set out in IC 5-14-1.5-5(b).[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-2(b).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-3 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-3. Powers of Corporation; Articles of Incorporation

Sec. 3. (a) The corporation must, under its articles of incorporation, limit its powers to those described in subsection (b).(b) The corporation may:(1) borrow money;(2) purchase, sell, and retire education loans, if the loans are not in default status;(3) provide incentive services and payments, including the payment of premiums for the purchase of education loans and the payment of an origination fee, to assist lending institutions that provide education loans;(4) loan funds to lending institutions if:(A) the lending institution agrees to use the funds to originate education loans of an amount equal to the loan made by the corporation over a period agreeable to the corporation and to grant the corporation the right of first refusal to purchase those education loans;(B) the lending institution agrees to use education loans or government securities as collateral for the loan; and(C) the corporation has, in response to its written request, received written authorization from the governor to exercise the power described in this subdivision;(5) make direct loans to or for the benefit of an education loan borrower or to consolidate all or a part of the borrower's outstanding education loans into one (1) loan;(6) operate a secondary market for postsecondary education finance instruments, including tuition certificates and education savings certificates sold by or offered through lending institutions or postsecondary educational institutions;(7) provide financial literacy and educational tools to students, their families, and Indiana colleges and universities with respect to responsibly financing the costs of higher education; and(8) do all other things that are necessary or incidental to performing the functions listed in subdivisions (1) through (7).[Pre-2007 Higher Education Recodification Citations: 20-12-21.2-3(b); 20-12-21.2-3(a).]As added by P.L.2-2007, SEC.257. Amended by P.L.132-2013, SEC.4.
IN Code § 21-16-5-4 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-4. Annual Report; Annual Public Hearing

Sec. 4. The corporation shall submit an annual report to the governor, which must include detailed information on the structure, operation, and financial status of the corporation. The corporation shall conduct an annual public hearing to receive comment from interested parties regarding the report. Notice of the hearing must be given at least fourteen (14) days before the hearing in accordance with IC 5-14-1.5-5(b).[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(c).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-5 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-5. Changes in Directors and Bylaws

Sec. 5. The corporation shall provide in its articles of incorporation that changes in the composition of its directors or in its bylaws are subject to the approval of the governor.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(d).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-6 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-6. Audit

Sec. 6. The corporation is subject to audit by the state board of accounts. The corporation shall bear the full costs of this audit.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(e).]As added by P.L.2-2007, SEC.257. Amended by P.L.181-2015, SEC.43.
IN Code § 21-16-5-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-7. Board of Directors; Executive Session

Sec. 7. The board of directors of the corporation may meet in executive session to do any of the following:(1) Discuss negotiating strategies with respect to financing arrangements or proposals, in addition to those items listed in IC 5-14-1.5-6.1.(2) Discuss, prepare bids for, or respond to proposals or arrangements for raising capital or acquiring assets.(3) Discuss and prepare competitive marketing strategies.(4) Engage in strategic planning.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(f).]As added by P.L.2-2007, SEC.257. Amended by P.L.132-2013, SEC.5.
IN Code § 21-16-5-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-9. Benefits of Guaranty

Sec. 9. The corporation and its transferees and pledgees, so long as they are eligible lenders under a federal program, are entitled to the benefits of any guaranty given by the commission under IC 21-16-4 or any successor to the commission with respect to education loans owned or held by the corporation, its transferees, or its pledgees, as long as the corporation, its transferees, or its pledgees are eligible lenders or holders of education loans under the rules adopted under IC 4-22-2 by the commission or a successor to the commission.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(h).]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-10. Grants; Approval by the Budget Agency

Sec. 10. Notwithstanding any other law, the corporation may not make grants for any purpose without approval by the budget agency and the governor after review by the budget committee.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(i).]As added by P.L.2-2007, SEC.257. Amended by P.L.132-2013, SEC.7.
IN Code § 21-16-5-11 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-11. Debts Incurred

Sec. 11. Debts incurred by the corporation under authority of this chapter do not represent or constitute a debt of the state of Indiana within the meaning of the provisions of the statutes of Indiana or the Constitution of the State of Indiana.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-4.]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-12 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-12. Tax Exemption for Principal and Interest

Sec. 12. The principal of and the interest on bonds and notes issued by the corporation under this chapter are exempt from taxation of every kind by the state and by the municipalities and other political subdivisions of the state.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-5.]As added by P.L.2-2007, SEC.257. Amended by P.L.79-2017, SEC.69.
IN Code § 21-16-5-13 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-13. Investment of Funds

Sec. 13. All:(1) banks;(2) bankers;(3) trust companies;(4) savings banks and institutions;(5) building and loan associations;(6) saving and loan associations;(7) investment companies;(8) insurance companies and associations; and(9) executors, administrators, guardians, trustees, and other fiduciaries;may legally invest any sinking funds, money, or other funds that belong to them or are within their control in any bonds or notes issued under this chapter.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-6.]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-14 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-14. Termination of the Designation

Sec. 14. The designation by the governor under section 1 of this chapter remains in effect until the general assembly provides by law for termination of the designation.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-7.]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-15 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-15. Immunity for Officers and Directors

Sec. 15. Except for an act of fraud or intentional misconduct, an officer or director of the corporation is not individually liable for an act or omission regarding the exercise or performance of that person's duty to the corporation.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-8.]As added by P.L.2-2007, SEC.257.
IN Code § 21-16-5-16 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans|Chapter 5. Secondary Market for Guaranteed Student Loans|21-16-5-16. Security Interest in Education Loans

Sec. 16. Notwithstanding IC 26-1-9.1-310(a), a security interest in education loans is perfected by:(1) possession under IC 26-1-9.1-313; or(2) filing a financing statement in the office of the secretary of state under IC 26-1-9.1-501.[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-9.]As added by P.L.2-2007, SEC.257.
IN Code § 21-17-1-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-1. Definitions

Sec. 1. The definitions in this chapter apply throughout this article.[2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-7 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-7. "Course"

Sec. 7. "Course" means a plan or program of instruction or training, whether conducted in person, by mail, or by any other method.[Pre-2007 Higher Education Recodification Citation: 20-12-76-6.]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-9 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-9. "Municipality"

Sec. 9. "Municipality" means a city or town that, under the authority in IC 36-7 and through its redevelopment commission, may undertake and carry out redevelopment or urban renewal projects.[Pre-2007 Higher Education Recodification Citation: 20-12-15-1(c).]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-10 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-10. "Nonprofit College or University"

Sec. 10. "Nonprofit college or university", for purposes of sections 14 and 17 of this chapter and IC 21-17-6, refers to a postsecondary educational institution described in IC 21-17-6-1.[Pre-2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-12 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-12. "Police Officer"

Sec. 12. "Police officer" refers to a police officer who:(1) is appointed under IC 21-17-5; and(2) is not employed by a state educational institution.[Pre-2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-14 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-14. "Private Redevelopment Corporation"

Sec. 14. "Private redevelopment corporation" means:(1) a corporation that is wholly owned or controlled by one (1) or more nonprofit colleges or universities; or(2) a corporation that operates on behalf of a nonprofit college or university on a nonprofit basis.[Pre-2007 Higher Education Recodification Citation: 20-12-15-1(b).]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-15 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-15. "Private Technical, Vocational, Correspondence, and Trade School"

Sec. 15. "Private technical, vocational, correspondence, and trade school" means an institution or agency offering course or courses of instruction for a fee or fees and that is not primarily supported by public tax funds. The term does not include the following:(1) A college or university offering a course of study leading to a bachelor's degree.(2) A nonpublic preschool, elementary, or secondary school that is approved by the department of education.[Pre-2007 Higher Education Recodification Citation: 20-12-62-3.]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-16 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-16. "Project Area"

Sec. 16. "Project area" means:(1) a slum area; or(2) an area needing redevelopment (as defined in IC 36-7-1-3).[Pre-2007 Higher Education Recodification Citation: 20-12-15-1(d).]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-17 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-17. "Qualified Entity"

Sec. 17. "Qualified entity" means either of the following:(1) A nonprofit college or university.(2) A private redevelopment corporation.[Pre-2007 Higher Education Recodification Citation: New.]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-1-18 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 1. General Provisions; Definitions|21-17-1-18. "Redevelopment Plan"

Sec. 18. "Redevelopment plan" means a plan proposed by a qualified entity for the redevelopment and renewal of a project area for educational uses.[Pre-2007 Higher Education Recodification Citation: 20-12-15-1(e) part.]As added by P.L.2-2007, SEC.258.
IN Code § 21-17-4-1 (2021)
2021 Indiana Code|Title 21. Higher Education|Article 17. Postsecondary Proprietary Educational Institutions and Other Private Educational Institutions|Chapter 4. Private Technical and Trade School Registration|21-17-4-1. Purpose of Chapter

Sec. 1. It is the purpose of this chapter to promote and encourage pupil personnel and guidance services by centralizing information about private technical, vocational, correspondence, and trade schools in the department of education.[Pre-2007 Higher Education Recodification Citation: 20-12-62-2.]As added by P.L.2-2007, SEC.258.