---
kind: "section"
citation: "34 C.F.R. § 681.55"
title: "34"
number: "681.55"
heading: "Administrative and fiscal procedures."
url: "https://uscodex.org/cfr/34/681.55"
---

# §681.55. Administrative and fiscal procedures.


Each school must establish and maintain administrative and fiscal procedures necessary to achieve the following objectives:

- (a) Proper and efficient administration of the funds received from students who have HEAL loans;
- (b) Protection of the rights of students under the HEAL program;
- (c) Protection of the United States from unreasonable risk of loss due to defaults; and
- (d) **Compliance with applicable requirements for HEAL schools.**

## Notes

### Authority

Authority: Sec. 215, Pub. L. 78-410, 58 Stat. 690, as amended, 63 Stat. 35 (42 U.S.C. 216); secs. 727-739A, Pub. L. 78-410, 90 Stat. 2243, as amended, 93 Stat. 582, 99 Stat. 529-532, 102 Stat. 3122-3125 (42 U.S.C. 294-294 l -1); renumbered as secs. 701-720, as amended by 106 Stat. 1994-2011 (42 U.S.C. 292-292p); sec. 525, Pub. L. 113-76, Division H, title V, transferred HEAL to the Secretary of Education effective July 1, 2014.

### Source

Source: 82 FR 53378, Nov. 15, 2017, unless otherwise noted.