Source
(Pub. L. 89–329, title IV, § 463A, as added Pub. L. 99–498, title IV, § 405(a), Oct. 17, 1986, 100 Stat. 1446; amended Pub. L. 100–50, § 13(g), (h), June 3, 1987, 101 Stat. 349; Pub. L. 102–325, title IV, § 463(c), July 23, 1992, 106 Stat. 579; Pub. L. 103–208, § 2(f)(8), Dec. 20, 1993, 107 Stat. 2471; Pub. L. 104–106, div. A, title XV, § 1501(e)(4), Feb. 10, 1996, 110 Stat. 501.)
References in Text
Section
1087cc
(a) of this title, referred to in subsec. (a), was amended by
Pub. L. 105–244, title IV, § 463(a)(3), Oct. 7, 1998,
112 Stat. 1724, which redesignated pars. (8) and (9) as (7) and (8), respectively.
Prior Provisions
A prior section
1087cc–1,
Pub. L. 89–329, title IV, § 463A, as added
Pub. L. 96–374, title IV, § 447(b), Oct. 3, 1980,
94 Stat. 1443; amended
Pub. L. 97–301, § 13, Oct. 13, 1982,
96 Stat. 1405;
Pub. L. 98–79, § 3(b), Aug. 15, 1983,
97 Stat. 478;
Pub. L. 99–272, title XVI, § 16027, Apr. 7, 1986,
100 Stat. 353, related to student loan information to be provided by institutions, prior to the general revision of this part by
Pub. L. 99–498.
Amendments
1996—Subsec. (a)(10).
Pub. L. 104–106 substituted “(
10 U.S.C.
16302)” for “(
10 U.S.C.
2172)”.
1993—Subsecs. (d), (e).
Pub. L. 103–208 struck out subsecs. (d) and (e), which read as follows:
“(d) Limitation on Use of Interest Bearing Accounts.—In carrying out the provisions of subsection (a)(10) of this section, the Secretary may not require that any collection agency, collection attorney, or loan servicer collecting loans made under this part deposit amounts collected on such loans in interest bearing accounts, unless such agency, attorney, or servicer holds such amounts for more than 45 days.
“(e) Special Due Diligence Rule.—In carrying out the provisions of subsection (a)(5) of this section relating to due diligence, the Secretary shall make every effort to ensure that institutions of higher education may use Internal Revenue Service skip-tracing collection procedures on loans made under this part.”
1992—Subsec. (a)(11).
Pub. L. 102–325, § 463(c)(1), substituted “together with a statement that the disbursement of, and the default on, a loan under this part, shall be” for “including a statement that the default may be”.
Subsecs. (d), (e).
Pub. L. 102–325, § 463(c)(2), added subsecs. (d) and (e).
1987—Subsec. (a)(8).
Pub. L. 100–50, § 13(g), added par. (8) and struck out former par. (8) which read as follows: “a statement of the total cumulative balance owed by the student to that institution, the projected level of indebtedness of the student based on a 2- or 4-year college career, and an estimate of the projected monthly repayment given the level of indebtedness over a 2-, 4-, or 5-year college career;”.
Subsec. (a)(10).
Pub. L. 100–50, § 13(h), substituted “the Department of Defense educational loan repayment program (
10 U.S.C.
2172)” for “section 902 of the Department of Defense Authorization Act, 1981 (
10 U.S.C.
2141 note, )”.
Effective Date of 1996 Amendment
Amendment by
Pub. L. 104–106 effective as if included in the Reserve Officer Personnel Management Act, title XVI of
Pub. L. 103–337, as enacted on Oct. 5, 1994, see section 1501(f)(3) of
Pub. L. 104–106, set out as a note under section
113 of Title
10, Armed Forces.
Effective Date of 1993 Amendment
Amendment by
Pub. L. 103–208 effective as if included in the Higher Education Amendments of 1992,
Pub. L. 102–325, except as otherwise provided, see section 5(a) of
Pub. L. 103–208, set out as a note under section
1051 of this title.
Effective Date of 1987 Amendment
Amendment by
Pub. L. 100–50 effective as if enacted as part of the Higher Education Amendments of 1986,
Pub. L. 99–498, see section 27 of
Pub. L. 100–50, set out as a note under section
1001 of this title.
Effective Date
Section applicable only to loans made for periods of enrollment beginning on or after July 1, 1987, see section 405(b) of
Pub. L. 99–498, as amended, set out as a note under section
1087dd of this title.