ORS 348.105
Loan obligations enforceable against minor


(1)

As used in this section:

(a)

“Educational institution” means any post-secondary educational institution that is approved or accredited by the Northwest Commission on Colleges and Universities or its successor, by its regional equivalent or by the appropriate official, department or agency of the state or nation in which the institution is located, and that is:

(A)

A four-year college or university;

(B)

A junior college or community college; or

(C)

A technical, professional or career school.

(b)

“Educational loan” means a loan or other aid or assistance for the purpose of furthering the obligor’s education at an educational institution.

(c)

“Person” means an individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity.

(2)

Notwithstanding any other provision of law, any written obligation made by any minor in consideration of an educational loan received by the minor from any person shall be as valid and binding as if the minor had, at the time of making and executing the obligation, attained the age of majority, but only if prior to the making of the educational loan an educational institution has certified in writing to the person making the educational loan that the minor is enrolled, or has been accepted for enrollment, in the educational institution.

(3)

Any obligation mentioned in subsection (2) of this section may be enforced in any action or proceeding against such person in the name of the person and shall be valid, insofar as the issue of age is concerned, without the consent thereto of the parent or guardian of such person. Such person may not disaffirm the obligation because of age nor may such person interpose in any action or proceeding arising out of the educational loan the defense that the borrower is, or was, at the time of making or executing the obligation, a minor.

(4)

Any parent or legal guardian who did not consent to guarantee or otherwise ensure performance of the obligation mentioned in subsection (2) of this section is not liable for payment of such obligation. [Formerly 348.805; 1977 c.725 §2; 1995 c.343 §35; 2005 c.22 §244; 2013 c.1 §46]

Source: Section 348.105 — Loan obligations enforceable against minor, https://www.­oregonlegislature.­gov/bills_laws/ors/ors348.­html.

348.005
Policy on student financial aid
348.007
Financial aid eligibility for students with modified or extended diplomas
348.015
Definitions
348.017
Requirements for contracts between post-secondary institutions of education and third party financial firms for disbursement and management of financial aid funds
348.100
Student loan information provided to students enrolled in institutions of higher education
348.105
Loan obligations enforceable against minor
348.180
Definitions
348.183
Legislative intent
348.205
Oregon Opportunity Grant program
348.250
Procedure for awarding grants under ORS 348.260
348.260
Oregon Opportunity Grant
348.263
Award of moneys from Oregon Opportunity Grant program to reward student persistence and encourage degree completion
348.266
Opportunity Grant Fund
348.267
Marketing of tax credit
348.268
Scholarships for current or former members of National Guard
348.270
Scholarships for children of public safety officers
348.272
Scholarships for current or former foster children
348.280
Award of scholarships under ORS 348.270 and 348.272
348.290
Financial aid to study barbering, hairdressing, manicure and esthetics
348.295
Scholarships for culturally and linguistically diverse teacher candidates
348.303
Scholars for a Healthy Oregon Initiative
348.394
Definitions for ORS 348.394 to 348.406
348.398
Department of Education authority
348.401
Grant eligibility
348.403
Stipend eligibility
348.406
Speech-Language Pathologist Training Fund
348.440
Definitions for ORS 348.444 and 348.448
348.444
Nursing Faculty Loan Repayment Program
348.448
Program eligibility
348.470
Legislative findings
348.500
Purpose
348.505
“Financial aid” defined
348.511
Office of Student Access and Completion
348.520
Duties of director
348.530
Powers
348.560
Staff
348.563
Authority of Higher Education Coordinating Commission to require fingerprints
348.570
Funds in State Treasury
348.576
STEM Fund
348.580
Agreements with community foundations
348.582
Definitions
348.584
Provision of information about affordability and value of institutions of higher education
348.586
Prohibited promotional activities for institutions of higher education
348.590
Continuous appropriation of certain funds
348.592
Loan cancellation insurance
348.594
Definitions for ORS 348.594 to 348.615
348.596
Purpose of ORS 348.594 to 348.615
348.597
Applicability of ORS 348.594 to 348.615
348.601
Degree Authorization Account
348.603
Duties of commission relating to degree authorization and nondegree programs
348.604
Exemption from ORS 348.594 to 348.615
348.605
Restrictions and duties of exempted schools
348.606
Prohibition on conferring or offering of degree before approval obtained
348.607
Fee for exemption application
348.608
Certification by exempt school
348.609
Representation of possession of academic degree
348.612
Probation or suspension or revocation of approval
348.613
Bond or letter of credit requirement for schools approved to confer academic degree
348.615
Appeal procedure
348.616
Minimum criteria for certification of employer program
348.618
Requirements for program certification application
348.621
Requirements for tax credit certification application
348.696
Education Stability Fund
348.702
Oregon Growth Account
348.716
Oregon Education Fund
348.748
Short title
348.750
Definitions
348.751
Textbook affordability plan
348.752
Coordination of OER Program
348.756
Report on OER Program
348.757
Designation of courses whose materials consist of open or free textbooks or other low-cost course materials
348.900
Needs assessment for health care occupations
348.910
Applied baccalaureate degrees
348.950
Education Commission of the States
348.992
Criminal penalty
Green check means up to date. Up to date