42 C.F.R. § 60.54 Payment of refunds by schools.
Title 42 - Public Health
A participating school must pay that portion of a refund that is allocable to a HEAL loan directly to the original lender (or to a subsequent holder of the loan note, if the school has knowledge of the holder's identity). At the same time, the school must provide to the borrower written notice that it is doing so. [48 FR 38988, Aug. 26, 1983, as amended at 57 FR 28799, June 26, 1992]
Title 42: Public Health
PART 60—HEALTH EDUCATION ASSISTANCE LOAN PROGRAM
Subpart E—The School
§ 60.54 Payment of refunds by schools.
