Sec. 3. DISCLOSURE REQUIRED PRIOR TO DISBURSEMENT
299 words·~1 min read·
/statute-compilations/comps-11800/sec-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 3 DISCLOSURE REQUIRED PRIOR TO DISBURSEMENT Section 463A(a) of the Higher Education Act of 1965 (20 U.S.C. 1087cc-1(a)) is amended— ####
(1)in paragraph (12), by striking “and” after the semicolon; ####
(2)in paragraph (13), by striking the period at the end and inserting a semicolon; and ####
(3)by adding at the end the following: > > #### “(14) > > a notice and explanation regarding the end to future availability of loans made under this part; > > > #### “(15) > > a notice and explanation that repayment and forgiveness benefits available to borrowers of loans made under part D are not available to borrowers participating in the loan program under this part; > > > #### “(16) > > a notice and explanation regarding a borrower’s option to consolidate a loan made under this part into a Federal Direct Loan under part D, including any benefit of such consolidation; > > > #### “(17) > > with respect to new undergraduate Federal Perkins loan borrowers, as described in section 461(b)(1)(A), a notice and explanation providing a comparison of the interest rates of loans under this part and part D and informing the borrower that the borrower has reached the maximum annual borrowing limit for which the borrower is eligible as referenced under subparagraphs
(A)and
(D)of section 455(a)(2); and > > > #### “(18) > > with respect to current undergraduate Federal Perkins loan borrowers, as described in section 461(b)(1)(B), a notice and explanation providing a comparison of the interest rates of loans under this part and part D and informing the borrower that the borrower has reached the maximum annual borrowing limit for which the borrower is eligible on Federal Direct Stafford Loans as referenced under section 455(a)(2)(A).” > .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 3
DISCLOSURE REQUIRED PRIOR TO DISBURSEMENT
Cites 1Cited by 0 across 0 sources