Summary: Suspension of Default Reinsurance Claim Payments Due to Non-Receipt of September 1997 Quarterly/Annual Report
SUBJECT: Suspension of Default Reinsurance Claim
Payments Due to Non-Receipt of September
1997 Quarterly/Annual Report
REFERENCE: 34 CFR Part 682.404(c) Federal
Dear Guaranty Agency Director:
The Department of Education (ED) will suspend payment
of reinsurance claims to agencies on December 1, 1997 if
the September 30, 1997 Quarterly/Annual Report (ED
Form 1130) has not been received and passed all edits.
Reinsurance claim payments will resume when the
required report has been accepted by ED.
Please notify your personnel of this deadline to avoid
interruption of reinsurance claim payments. The completed
report should be mailed to:
U. S. Department of Education
Guaranty Agency Processing
Post Office Box 4137
Greenville, TX 75403-4137
Also, please carefully verify the information reported on
Part C, Federal Receivable Data. The Department will
independently calculate the Federal Receivable balance
from activity reported on the ED 1189's processed for the
fiscal year and other relevant data reported to the
Department. We will compare our calculated amount with
amounts reported on Part C. Any material differences will
be followed up with the agency.
If you have any question or comments, please call
Larry Stotler on (202) 708-9787.
Linda Paulsen, Director
Accounting and Financial