DCLID: Disaster Letter-97-13
Summary: Declared disaster area for recent flooding in Arkansas.
April 16 1997
SUMMARY: Declared disaster area for recent flooding in
Dear Guaranty Agency Director:
On April 14, President Clinton DECLARED OUACHITA COUNTY
in ARKANSAS to be a disaster area because of severe flooding that
began on or about April 4.
For borrower-initiated 90-day forbearances under the guidelines first
outlined in the January 14, 1997 "Dear Guaranty Agency Director"
letter, the April 4 date may be used retroactively. Lenders and
guaranty agencies may also grant a borrower-initiated 90-day
forbearance on or after the date of this letter if the lender or
guarantor believes the borrower needs one. We will notify you if
additional areas in Arkansas or other states are designated by the
President or the Federal Emergency Management Agency (FEMA).
Lenders and guaranty agencies may contact the Department's
toll-free number at 1-800-433-7327, Monday through
Friday from 9:00 a.m. to 5:00 p.m. EST for further updates. This
letter has also been sent to each regional office of the Department,
plus the National Council of Higher Education Loan Programs, Inc.,
the Consumer Bankers Association, and the National Association of
Student Financial Aid Administrators.
Pamela A. Moran
Chief, Loans Branch
Policy Development Division
Student Financial Assistance Programs