§682.419. Guaranty agency Federal Fund. — Inbound Citations
34 C.F.R. § 682.419
Statutory Authority
Cited by 2 regulations in release Current.
Citations to 34 U.S.C. § 682.419 as a whole
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(B) Must collect, either from the lender or by payment from any other non-Federal source, a Federal default fee for any Stafford or PLUS loans it guarantees on or after July 1, 2006, to be deposited into the Federal Fund under § 682.419.
Citations to §682.419(c)
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(ii) The guaranty agency may not use the Federal default fee for incentive payments to lenders, and may only use the insurance premium or the Federal default fee for costs incurred in guaranteeing loans or in the administration of the agency's loan guarantee program, as specified in § 682.410(a)(2) or § 682.419(c).