Enclosure B - Federal Family Education Loan Program Final Regulations


PublicationDate: October 29, 1999

Effective Date: July 1, 2000

PART 682--Federal Family Education Loan Program

Sec. 682.208 Due diligence in servicing a loan.

(c) * * *

(3)(i) If the borrower disputes the terms of the loan in writing
and the lender does not resolve the dispute, the lender's response must
provide the borrower with an appropriate contact at the guaranty agency
for the resolution of the dispute.
(ii) If the guaranty agency does not resolve the dispute, the
agency's response must provide the borrower with information on the
availability of the Student Loan Ombudsman's office.

* * * * *

Sec. 682.410 Fiscal, administrative, and enforcement requirements.

(b) * * *

(5) * * *

(vii) As part of the guaranty agency's response to a borrower who
appeals an adverse decision resulting from the agency's administrative
review of the loan obligation, the agency must provide the borrower
with information on the availability of the Student Loan Ombudsman's
office.

* * * * *

Sec. 682.411 Lender due diligence in collecting guaranty agency loans.

(b) Delinquency.

(3) As part of one of the collection activities provided for in
this section, the lender must provide the borrower with information on
the availability of the Student Loan Ombudsman's office.

* * * * *