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Code · BILL · 114th Congress · H.R. 3948 (Introduced in House) — To amend the Truth in Lending Act to include requirements for the transfer of servicing of postsecondary education lo... · Sec. 3

Sec. 3. Amendments to the Higher Education Act of 1965

144 words·~1 min read·/bill/114/hr/3948/ih/section-3

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The Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq. ) is amended— in section 487(a) ( 20 U.S.C. 1094(a) ), by adding at the end the following: The institution will— comply with the disclosure requirements for postsecondary education lenders under section 140B(a) of the Truth in Lending Act; and ensure that each third party servicer with which the institution has entered into a contract complies with the applicable requirements for student loan servicers under section 140B of such Act. ; and in section 463A(b) ( 20 U.S.C. 1087cc–1(b) )— by striking and at the end of paragraph (8); by striking the period at the end of paragraph
(9)and inserting ; and ; and by adding at the end the following: the disclosures for postsecondary education lenders and student loan services under section 140B of the Truth in Lending Act. .
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  • 20 USC 1087cc–1(b)
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Sec. 3
Amendments to the Higher Education Act of 1965
Cite20 USC 1087cc–1(b)
Cites 3Cited by 0 across 0 sources
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