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Code · BILL · 113th Congress · S. 2954 (Introduced in Senate) — To improve the Higher Education Act of 1965, and for other purposes. · Sec. 485

Sec. 485. Reasonable collection costs in State court judgments

66 words·~1 min read·/bill/113/s/2954/is/section-485

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 484A(b)(1) ( 20 U.S.C. 1091a(b)(1) ) is amended by striking reasonable collection costs and inserting reasonable collection costs, which, in the case of a loan made under part D, means collection costs in an amount that is reasonable and that does not exceed the bona fide collection costs associated with such student loan that are actually incurred in collecting the debt against the borrower .
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Sec. 485
Reasonable collection costs in State court judgments
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