DCLPublicationDate: 10/1/97 DCLID: 97-G-302 AwardYear: Summary: Suspension of Default Reinsurance Claim Payments Due to Non-Receipt of September 1997 Quarterly/Annual Report OCTOBER 1997 97-G-302 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 Reinsurance Agreement 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. Sincerely, Linda Paulsen, Director Accounting and Financial Management Service |