34 C.F.R. 34 CFR--PART 682


Title 34 - Education


Amendment from August 09, 2006

34 CFR--PART 682
View Printed Federal Register page 71 FR 45707 in PDF format.

Amendment(s) published August 9, 2006, in 71 FR 45707


Effective Date(s): September 8, 2006

52. Section 682.404 is amended by:

A. Redesignating paragraph (a)(1)(iii)(D) as paragraph (a)(1)(iii)(E).

B. Adding a new paragraph (a)(1)(iii)(D).

C. Adding a new paragraph (a)(2)(iii).

The additions read as follows:

§ 682.404   Federal reinsurance agreement.

(a)  *  *  *

(1)  *  *  *

(iii)  *  *  *

(D) For loans that meet the definition of exempt claims in paragraph (a)(2)(iii) of this section;

(2)  *  *  *

(iii) Exempt claims means claims with respect to loans for which it is determined that the borrower (or student on whose behalf a parent has borrowed), without the lender's or the institution's knowledge at the time the loan was made, provided false or erroneous information or took actions that caused the borrower or the student to be ineligible for all of a portion of the loan or for interest benefits on the loan.

                   *                 *                 *                 *                 *




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