{"data":{"id":"us-nj/n.j.-stat.-18a-71c-4","jurisdiction":"us-nj","citation":"N.J. Stat. § 18A:71C-4","heading":"Federal loan evidenced by note; interest rate; method of payment; security.","body":"Federal Loan Evidenced by Note; Interest Rate; Method of Payment; Security.\nEach federal loan made under this article shall:\na.\tbe evidenced by a note or other obligation approved by the authority;\nb.\tbear interest at a rate not exceeding the maximum percentage per annum permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations;\nc.\tbe payable in such manner or in such installments as permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations; and\nd.\tbe secured only by the personal liability of the maker, and not by any endorsers, co-maker's collateral, or other security, except as may be permitted under 20 U.S.C.s.1071 et seq. and implementing rules and regulations.\nL.1999,c.46,s.1.","path":["TITLE 18A EDUCATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"dc81c501edf7a192003932b6cde36aa35e30ca4601c9eeb2f6082fe243165d11","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-18a-71c-3","next":"us-nj/n.j.-stat.-18a-71c-5"},"notice":"GroundRules: Original legal text. Not legal advice."}