§ 1073. Effects of adequate non-Federal programs
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/usc/title-20/section-1073A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Federal insurance barred to lenders with access to State or private insurance Except as provided in subsection (b), the Secretary shall not issue certificates of insurance under section 1079 of this title to lenders in a State if the Secretary determines that every eligible institution has reasonable access in that State to a State or private nonprofit student loan insurance program which is covered by an agreement under section 1078(b) of this title.
(b)Exceptions The Secretary may issue certificates of insurance under section 1079 of this title to a lender in a State—
(1)for insurance of a loan made to a student borrower who does not, by reason of the borrower’s residence, have access to loan insurance under the loan insurance program of such State (or under any private nonprofit loan insurance program which has received an advance under section 1072 of this title for the benefit of students in such State);
(2)for insurance of all the loans made to student borrowers by a lender who satisfies the Secretary that, by reason of the residence of such borrowers, such lender will not have access to any single State or nonprofit private loan insurance program which will insure substantially all of the loans such lender intends to make to such student borrowers; or
(3)under such circumstances as may be approved by the guaranty agency in such State, for the insurance of a loan to a borrower for whom such lender previously was issued such a certificate if the loan covered by such certificate is not yet repaid.
(Pub. L. 89–329, title IV, § 423, as added Pub. L. 99–498, title IV, § 402(a), Oct. 17, 1986, 100 Stat. 1358.)
Connections5 cite this · traces to 3
Cited by 5 sections
statutes-at-large
- Public Law 90–575
- Public Law 94–482To extend the Higher Education Act of 1995, to extend and revise the Vocational Education Act of 1983, and for other purposes
- Public Law 99–498To reauthorize and revise the Higher Education Act of 1965, and for other purposes
- Public Law 95–43To make certain technical and miscellaneous amendments to provisions relating to higher education contained in the Education Amendments of 1976
statute-compilations
13 references not yet in our index
- Pub. L. 89–329, title IV, § 423
- Pub. L. 99–498, title IV, § 402(a)
- 100 Stat. 1358
- 79 Stat. 1237
- Pub. L. 90–575, title I, § 119(a)
- 82 Stat. 1026
- Pub. L. 94–482, title I, § 127(a)
- 90 Stat. 2103
- Pub. L. 95–43, § 1(a)(14)
- 91 Stat. 214
- Pub. L. 96–374, title XIII, § 1391(a)(1)
- 94 Stat. 1503
- Pub. L. 99–498
Citation graph
cites case law
§ 1073
Effects of adequate non-Federal programs
Stat.×4
Stat. Comp.×1
Pub. L.Pub. L. 89–329, title IV, § 423
Pub. L.Pub. L. 99–498, title IV, § 402(a)
Stat.100 Stat. 1358
Stat.79 Stat. 1237
Pub. L.Pub. L. 90–575, title I, § 119(a)
Cites 16 · showing 8Cited by 5 across 2 sources