34 C.F.R. 34 CFR--PART 685
Title 34 - Education
Effective Date(s): September 8, 2006 75. Section 685.211 is amended by: A. Revising paragraph (d)(3)(ii). B. In paragraph (e)(1) introductory text, adding the words “, has been convicted of, or has pled nolo contendere or guilty to, a crime involving fraud in obtaining title IV, HEA program funds,” after the word “information”. C. In paragraph (f)(1), in the first sentence, removing the words “twelve consecutive, on-time,” and adding, in their place, the words “nine voluntary,” and adding the words “within 20 days of the due date during ten consecutive months” after the word “payments”. D. Adding a new paragraph (f)(3). The additions and revisions read as follows: * * * * * (d) * * * (3) * * * (ii) If a borrower defaults on a Direct Subsidized Loan, a Direct Unsubsidized Loan, or a Direct Consolidation Loan, the Secretary may designate the income contingent repayment plan for the borrower. (f) * * * (3) A Direct Loan obtained by fraud for which the borrower has been convicted of, or has pled nolo contendere or guilty to, a crime involving fraud in obtaining title IV, HEA program assistance may not be rehabilitated. * * * * *
Amendment from August 09, 2006
34 CFR--PART 685
Amendment(s) published August 9, 2006, in 71 FR 45714
§ 685.211 Miscellaneous repayment provisions.
