ULC

Legislative Fact Sheet - Minor Student Capacity to Borrow Act (1969)

Act Minor Student Capacity to Borrow Act (1969)
Origin Completed by the Uniform Law Commission in 1969.
Description 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.
Endorsements
Enactments Arizona, Mississippi, New Mexico, North Dakota, Oklahoma, Washington
2018 Introductions
Staff Liaison(s)