Sec. 4. AUTOMATIC RECERTIFICATION OF INCOME
492 words·~2 min read·
/statute-compilations/comps-15605/sec-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 4 AUTOMATIC RECERTIFICATION OF INCOME ###
(a)Income-Contingent Repayment ####
(1)In general Section 455(e) of the Higher Education Act of 1965 (20 U.S.C. 1087e(e)) is amended by adding at the end the following: > > #### “(8) Automatic recertification > > > ##### “(A) In general > > The Secretary shall establish and implement, with respect to any borrower described in subparagraph (B), procedures to— > > > ###### “(i) > > use return information disclosed under section 6103(l)(13) of the Internal Revenue Code of 1986, pursuant to approval provided under section 494, to determine the repayment obligation of the borrower without further action by the borrower; > > > ###### “(ii) > > allow the borrower (or the spouse of the borrower), at any time, to opt out of disclosure under such section 6103(l)(13) and instead provide such information as the Secretary may require to determine the repayment obligation of the borrower (or withdraw from the repayment plan under this subsection); and > > > ###### “(iii) > > provide the borrower with an opportunity to update the return information so disclosed before the determination of the repayment obligation of the borrower. > > > ##### “(B) Applicability > > Subparagraph
(A)shall apply to each borrower of a loan made under this part who, on or after the date on which the Secretary establishes procedures under such subparagraph— > > > ###### “(i) > > selects, or is required to repay such loan pursuant to, an income-contingent repayment plan; or > > > ###### “(ii) > > recertifies income or family size under such plan.” > . ####
(2)Conforming amendment Section 455(e)(6) of the Higher Education Act of 1965 (20 U.S.C. 1087e(e)(6)) is amended— #####
(A)by striking “including notification of such borrower” and all that follows through “that if a borrower” and inserting “including notification of such borrower, that if a borrower”; and #####
(B)by striking “as determined using the information described in subparagraph (A), or the alternative documentation described in paragraph (3)”. ###
(b)Income-Based Repayment Section 493C(c) of the Higher Education Act of 1965 (20 U.S.C. 1098e(c)) is amended— ####
(1)by striking “ The Secretary shall establish ” and inserting the following: > > #### “(1) In general > > The Secretary shall establish” > ; and ####
(2)by striking “ The Secretary shall consider ” and inserting the following: > > #### “(2) Procedures for eligibility > > The Secretary shall— > > > ##### “(A) > > consider” > ; ####
(3)by striking “ 428C(b)(1)(E). ” and inserting the following: > “428C(b)(1)(E); and > > > ##### “(B) > > carry out, with respect to borrowers of any loan made under part D (other than an excepted PLUS loan or excepted consolidation loan), procedures for income-based repayment plans that are equivalent to the procedures carried out under section 455(e)(8) with respect to income-contingent repayment plans.” > .
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources