§ 1092c. Simplification of lending process for borrowers
145 words·~1 min read·
/usc/title-20/section-1092cA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)All like loans treated as one To the extent practicable, and with the cooperation of the borrower, eligible lenders shall treat all loans made to a borrower under the same section of part B as one loan and shall submit one bill to the borrower for the repayment of all such loans for the monthly or other similar period of repayment. Any deferments on one such loan will be considered a deferment on the total amount of all such loans.
(b)One lender, one guaranty agency To the extent practicable, and with the cooperation of the borrower, the guaranty agency shall ensure that a borrower only have one lender, one holder, one guaranty agency, and one servicer with which to maintain contact.
(Pub. L. 89–329, title IV, § 485C, as added Pub. L. 102–325, title IV, § 488, July 23, 1992, 106 Stat. 624.)
Connections4 cite this
Cited by 4 sections
statutes-at-large
- Public Law 110–315To amend and extend the Higher Education Act of 1965, and for other purposes
- Public Law 102–325To reauthorize the Higher Education Act of 1965, and for other purposes
- Public Law 109–171To provide for reconciliation pursuant to section 202(a) of the concurrent resolution on the budget for fiscal year 2006 (H
statute-compilations
3 references not yet in our index
- Pub. L. 89–329, title IV, § 485C
- Pub. L. 102–325, title IV, § 488
- 106 Stat. 624
Citation graph
cites case law
§ 1092c
Simplification of lending process for borrowers
Stat.×3
Stat. Comp.×1
Pub. L.Pub. L. 89–329, title IV, § 485C
Pub. L.Pub. L. 102–325, title IV, § 488
Stat.106 Stat. 624
Cites 3Cited by 4 across 2 sources