§30.60. What costs does the Secretary impose on delinquent debtors? — Inbound Citations

(i) Whether or not provided for in the borrower's promissory note and subject to any limitation on the amount of those costs in that note, the guaranty agency may charge a borrower an amount equal to the reasonable costs incurred by the agency in collecting a loan on which the agency has paid a default or bankruptcy claim unless, within the 60-day period after the guaranty agency sends the initial notice described in paragraph (b)(6)(ii) of this section, the borrower enters into an acceptable repayment agreement, including a rehabilitation agreement, and honors that agreement, in which case the guaranty agency must not charge a borrower any collection costs.

(2) If a borrower defaults on a Direct Loan, the Secretary assesses collection costs on the basis of 34 CFR 30.60.

(f) The Secretary does not impose collection costs against State or local governments under paragraphs (a) through (d) of this section.

(f) The Secretary does not impose collection costs against State or local governments under paragraphs (a) through (d) of this section.

(f) The Secretary does not impose collection costs against State or local governments under paragraphs (a) through (d) of this section.

(f) The Secretary does not impose collection costs against State or local governments under paragraphs (a) through (d) of this section.