§682.414. Records, reports, and inspection requirements for guaranty agency programs. — Inbound Citations
34 C.F.R. § 682.414
Statutory Authority
Cited by 14 regulations in release Current.
Citations to §682.414(a)(1)(ii)(C)
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(v) A payment history for the loan, as described in § 682.414(a)(1)(ii)(C).
Citations to §682.414(a)(1)(ii)(D)
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(vi) A collection history for the loan, as described in § 682.414(a)(1)(ii)(D).
Citations to §682.414(a)(4)(ii)
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(f) A lender that participates in the FFEL programs may not enter into a contract with a third-party servicer that the Secretary has determined does not meet the requirements of this section. The lender must provide the Secretary with the name and address of any third-party servicer with which the lender enters into a contract and, upon request by the Secretary, a copy of that contract. A third-party servicer that is under contract with a lender to perform any activity for which the records in § 682.414(a)(4)(ii) are relevant to perform the services for which the servicer has contracted shall maintain current, complete, and accurate records pertaining to each loan that the servicer is under contract to administer on behalf of the lender. The records must be maintained in a system that allows ready identification of each loan's current status.
Citations to §682.414(a)(4)(ii)(C)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(D)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(E)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(F)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(G)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(H)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(I)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(J)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(K)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(a)(4)(ii)(L)
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(i) A guaranty agency or lender may store the records specified in paragraphs (a)(4)(ii)(C)-(L) of this section in accordance with 34 CFR 668.24(d)(3)(i) through (iv).
Citations to §682.414(b)
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(13) The guaranty agency shall require lenders to submit to the agency the information necessary for the agency to complete the reports required by § 682.414(b).