Loans to minors

20-A M.R.S. § 11462, under HIGHER EDUCATION LOAN AND LOAN INSURANCE PROGRAM.

20-A M.R.S. § 11462

Notwithstanding any other law, if the borrower on a loan made or insured under this program is a minor, an otherwise valid note or other written agreement executed by the borrower for the purpose of the loan creates a binding obligation.