§ 668.94. Limitation.
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/us/cfr/t34/s§ 668.94·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A limitation may include, as appropriate to the Title IV, HEA program in question---
(a)A limit on the number or percentage of students enrolled in an institution who may receive Title IV, HEA program funds;
(b)A limit, for a stated period of time, on the percentage of an institution's total receipts from tuition and fees derived from Title IV, HEA program funds;
(c)A limit on the number or size of institutions with which a third-party servicer may contract;
(d)A limit on the number of borrower or loan accounts that a third-party servicer may service under a contract with an institution;
(e)A limit on the responsibilities that a third-party servicer may perform under a contract with an institution;
(f)A requirement for a third-party servicer to perform additional responsibilities under a contract with an institution;
(g)A requirement that an institution obtain surety, in a specified amount, to assure its ability to meet its financial obligations to students who receive Title IV, HEA program funds;
(h)A change in the participation status of the institution from fully certified to participate to provisionally certified to participate under § 668.13(c).
(i)A requirement that a third-party servicer obtain surety, in a specified amount, to assure the servicer's ability to meet the servicer's financial obligations under a contract; or
(j)Other conditions as may be determined by the Secretary to be reasonable and appropriate. (Authority: 20 U.S.C. 1094) \[59 FR 22450, Apr. 29, 1994. 81 FR 76072, Nov. 1, 2016. Redesignated at 82 FR 6257, Jan. 17, 2017\]
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