261F.2 - CODE OF CONDUCT.
261F.2 CODE OF CONDUCT.
1. A covered institution shall do the following:
a. Develop, in consultation with the college student aid
commission, a code of conduct governing educational loan activities
with which the covered institution's officers, employees, and agents
shall comply.
b. Publish the code of conduct developed in accordance with
paragraph "a" prominently on its internet site.
c. Administer and enforce the code of conduct developed in
accordance with paragraph "a".
2. The college student aid commission shall provide to covered
institutions assistance and guidance relating to the development,
administration, and monitoring of a code of conduct governing
educational loan activities.
3. Except as provided in this section, the college student aid
commission is not subject to the duties, restrictions, prohibitions,
and penalties of this chapter. Section History: Recent Form
2008 Acts, ch 1132, §4