Minor Student Capacity to Borrow Act (1969)


The Model Minor Student Capacity to Borrow Act provides that a loan for the purpose of furthering the education of the debtor at an institution of higher learning is enforceable against the debtor, if the debtor is a minor, with the same effect if he or she were at the time of execution of the loan agreement 21 years of age.

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Drafting History

Origin: Completed by the Uniform Law Commission in 1969.
Committee/Resources: Minor Student Capacity to Borrow