Education Law § 681 · Part 3. Student Loans
Capacity of minors
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 681. Capacity of minors. Any person otherwise qualifying for a loan from the corporation, or qualifying for a loan guaranteed by the corporation, shall not be disqualified by reason of his being under the age of eighteen years and for the purposes of applying for, receiving and repaying such a loan any such person shall be deemed to have full legal capacity to act; provided, however, that the signature of both parents of an applicant not meeting emancipated status requirements shall be required for the purposes of receiving such a loan unless the president determines in accordance with rules and regulations to be promulgated by the board that unusual family circumstances preclude the availability of such signatures.
Source of truth
- Edition
- Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/EDN681
- Text hash
- sha256 e70fbea73d5281f19bb84408af31234e53ccde691add7ca8a179fd12c329da13
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.