For those of you keeping score at home, the Department of Education
regulations pertaining to preferred lender lists have gone through three
iterations prior to taking effect yesterday, July 1, 2008.
SLA has developed a Summary of preferred lender
list regulations:
Download PreferredLenderRegulations_FINAL.doc
to provide you through the original regulations and the modifications and
clarifications that have taken place since then.
This summary provides information on the following regulatory guidance
provided by the Department of Education:
- Proposed Regulations pertaining to Preferred Lender Lists, disclosed in Notice of Proposed Rulemaking dated June 12, 2007
- Discussion and Changes in Department of Education Rules and Regulations described in Federal Register, November 1, 2007
- Dear Colleague Action Letter dated May 9, 2008
Continue reading "July 1, 2008: New Preferred Lender List Regs. Take Effect" »