Any person otherwise qualifying for a loan shall not be disqualified to receive a loan under the guarantee loan program by reason of his being under the age of twenty-one years. For the purpose of applying for, receiving, and repaying a loan, any person shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of a person of legal age with respect thereto.
Source: L. 68: p. 174, � 1. C.R.S. 1963: � 124-22-18.
Cross references: For age of competence generally, see � 13-22-101.