New Mexico Administrative Code
Title 5 - POST-SECONDARY EDUCATION
Chapter 7 - TUITION AND FINANCIAL AID
Part 29 - EDUCATIONAL LOAN PURCHASE PROGRAM REGULATIONS
Section 5.7.29.9 - PURCHASE OF NOTES OR BONDS
Universal Citation: 5 NM Admin Code 5.7.29.9
Current through Register Vol. 35, No. 6, March 26, 2024
No eligible borrower or any related person thereto within the meaning of Section 144 (a) (3) of the Internal Revenue Code of 1986, as amended, shall purchase, pursuant to any arrangement, formal or informal, any notes, bonds or any other obligations of the foundation in an amount related to such eligible borrower's financed student loans.
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