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Code · BILL · 114th Congress · H.R. 3695 (Introduced in House) — To simplify and improve the Federal student loan program through income-contingent repayment to provide stronger prot... · Sec. 5

Sec. 5. National Directory of New Hires

179 words·~1 min read·/bill/114/hr/3695/ih/section-5

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Section 435(i) of the Social Security Act ( 42 U.S.C. 653(i) ) is amended by adding at the end the following new paragraph: The Secretary of Education shall have access to the information in the National Directory of New Hires for purposes of, on at least a monthly basis— determining when individuals with an IDEA Loan or IDEA Consolidation Loan made under part J of title IV of the Higher Education Act of 1965 in repayment status are hired by employers who are making payments of wages to such individuals; and sending a notice to each such individual to remind such individual that— the individual has 1 or more loan described in subparagraph
(A)in repayment status; the individual is responsible for providing accurate information to the individual’s employer to ensure that the employer will deduct and withhold upon such wages amounts to repay such loans in accordance with section 499D(b) of the Earnings Contingent Education Loans Act of 2015 ; and failure to provide such accurate information will likely result in significant penalties, default, or collections proceedings. .
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Sec. 5
National Directory of New Hires
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