§ 681.55. Administrative and fiscal procedures.
65 words·~1 min read·
/us/cfr/t34/s§ 681.55·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each school must establish and maintain administrative and fiscal procedures necessary to achieve the following objectives:
(a)Proper and efficient administration of the funds received from students who have HEAL loans;
(b)Protection of the rights of students under the HEAL program;
(c)Protection of the United States from unreasonable risk of loss due to defaults; and
(d)Compliance with applicable requirements for HEAL schools.