§ 1087cc. Agreements with institutions of higher education

Footnotes

1. 1 See References in Text note below.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1986

   Higher Education Act of 1965

   Pub. L. 89–329 title IV § 463 · 79 Stat. 1219

   Enacted · 20 U.S.C. § 1087cc

   Pub. L. 89–329, title IV, § 463, as added Pub. L. 99–498, title IV, § 405(a), Oct. 17, 1986, 100 Stat. 1444

   Source evidence

   Code source credit
   Pub. L. 89–329, title IV, § 463, as added Pub. L. 99–498, title IV, § 405(a), Oct. 17, 1986, 100 Stat. 1444

   Enacted provision · exact public law section
   Sec. 463. technical amendment for part-time students (a) The portion of section 205(b) (2) of the National Defense 20 USC 425. Education Act of 1958 which precedes clause (A) (ii) thereof is amended to read as follows: “(2) such a loan shall be evidenced by a note or other written agreement which provides for repayment of the principal amount, together with interest thereon, in equal installments (or, if the borrower so requests, in graduated periodic installments determined in accordance with such schedules as may be approved by the Commissioner) payable quarterly, bimonthly, or monthly (at the option of the institution) over a period beginning nine months after the date on which the borrower ceases to carry, at an institution of higher education or at a comparable institution outside the States approved for this purpose by the Commissioner, at least one-half the normal full-time academic workload as determined by that institution, and ending ten years and nine months after such date, except that (A) interest shall not accrue on any such loan, and installments need not be paid during any period (i) during which the borrower is carrying, at an institution of higher education or at a comparable institution outside the States approved for this purpose by the Commissioner, at least one-half the normal full-time academic workload as determined by the institution,”. (b) Clause (D) of such section 205(b) (2) is amended by striking out “periodic”, and by striking out “part-time” and inserting in lieu thereof “less than half-time”. (c) The amendments made by this section shall apply to a loan outstanding on the date of enactment of this Act only with the consent of the borrower and the institution which made the loan.

2. 1987

   Higher Education Technical Amendments Act of 1987

   Pub. L. 100–50 § 13(e) · 101 Stat. 335

   1. Substituted · 20 U.S.C. § 1087cc(a)(4)

      Pub. L. 100–50, § 13(e), substituted “in an annual report” for “in a report”

   2. Struck · 20 U.S.C. § 1087cc(a)(4)

      Pub. L. 100–50, § 13(e), struck out “, and made to the Secretary at least semiannually” after “in such default”

   Source evidence

   Code amendment note
   Subsec. (a)(4). Pub. L. 100–50, § 13(e), substituted “in an annual report” for “in a report” and struck out “, and made to the Secretary at least semiannually” after “in such default”.

   Enacted provision · exact public law section
   (e) Notice of Default.— Section 463(a)(4) is amended by striking Reports. 20 USC 1087cc. out “given to the Secretary” and everything that follows through “semiannually” and inserting “given to the Secretary in an annual report describing the total number of loans from such fund which are in such default”.

3. 1987

   Higher Education Technical Amendments Act of 1987

   Pub. L. 100–50 § 13(f) · 101 Stat. 335

   Substituted · 20 U.S.C. § 1087cc(b)

   Pub. L. 100–50, § 13(f), substituted “section 1096 of this title” for “section 1092 of this title”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 100–50, § 13(f), substituted “section 1096 of this title” for “section 1092 of this title”.

   Enacted provision · exact public law section
   (f) Correction of Reference.— Section 463(b) of the Act is amended by striking out “section 485” and inserting “section 489”.

4. 1992

   Higher Education Amendments of 1992

   Pub. L. 102–325 § 463(a) · 106 Stat. 448

   Amended · 20 U.S.C. § 1087cc(a)(2)(B)

   Pub. L. 102–325, § 463(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “a capital contribution by such institution in an amount equal to not less than one-ninth of the amount of the Federal capital contributions described in subparagraph (A);”

   Source evidence

   Code amendment note
   Subsec. (a)(2)(B). Pub. L. 102–325, § 463(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “a capital contribution by such institution in an amount equal to not less than one-ninth of the amount of the Federal capital contributions described in subparagraph (A);”.

   Enacted provision · exact public law section
   (a) Campus Match.— Section 463(a)(2)(B) of the Act is amended 20 USC 1087cc. to read as follows: “(B) a capital contribution— “(i) by an institution that— “(I) is granted permission by the Secretary to participate in an Expanded Lending Option under the program, and “(II) has a default rate which does not exceed 7.5 percent, in an amount not less than the amount of the Federal capital contributions described in subparagraph (A); or “(ii) by any other institution, in an amount not less than three-seventeenths of such Federal capital contribution in fiscal year 1993, and one-third of such Federal capital contribution in each of the succeeding fiscal years, of the amount of the Federal capital contributions described in subparagraph (A);”.

5. 1992

   Higher Education Amendments of 1992

   Pub. L. 102–325 § 463(b)(1) · 106 Stat. 448

   Struck · 20 U.S.C. § 1087cc(c)(3)(B)

   Pub. L. 102–325, § 463(b)(1), struck out “, if that account has not been previously reported by any other holder of the note” after “agency”

   Source evidence

   Code amendment note
   Subsec. (c)(3)(B). Pub. L. 102–325, § 463(b)(1), struck out “, if that account has not been previously reported by any other holder of the note” after “agency”.

   Enacted provision · exact public law section
   (1) in subparagraph (B) of paragraph (3), by striking “, if that account has not been previously reported by any other holder of the note”;

6. 1992

   Higher Education Amendments of 1992

   Pub. L. 102–325 § 463(b)(2) · 106 Stat. 448

   Added · 20 U.S.C. § 1087cc(c)(4)

   Pub. L. 102–325, § 463(b)(2), added par. (4)

   Source evidence

   Code amendment note
   Subsec. (c)(4). Pub. L. 102–325, § 463(b)(2), added par. (4).

   Enacted provision · exact public law section
   (2) by adding at the end the following new paragraph: “(4) Each institution of higher education, after consultation with the Secretary and pursuant to the agreements entered into under paragraph (1), shall disclose to any credit bureau organization with which the Secretary has such an agreement— “(A) the amount of loans made to any borrower under this part at the time of the disbursement of the loan; and “(B) the information set forth in section 430A(a).”.

7. 1993

   Higher Education Technical Amendments of 1993

   Pub. L. 103–208 § 2(f)(5) · 107 Stat. 2457

   Substituted · 20 U.S.C. § 1087cc(a)(2)(B)(i)(II)

   Pub. L. 103–208, § 2(f)(5), substituted “7.5 percent for award year 1993–1994 and has a cohort default rate which does not exceed 15 percent for award year 1994–1995 or for any succeeding award year” for “7.5 percent”

   Source evidence

   Code amendment note
   Subsec. (a)(2)(B)(i)(II). Pub. L. 103–208, § 2(f)(5), substituted “7.5 percent for award year 1993–1994 and has a cohort default rate which does not exceed 15 percent for award year 1994–1995 or for any succeeding award year” for “7.5 percent”.

   Enacted provision · exact public law section
   (5) in section 463(a)(2)(B)(i)(II), by striking “7.5 percent” 20 USC 1087cc. and inserting “7.5 percent for award year 1993–1994 and has a cohort default rate which does not exceed 15 percent for award year 1994–1995 or for any succeeding award year”;

8. 1993

   Higher Education Technical Amendments of 1993

   Pub. L. 103–208 § 2(f)(6) · 107 Stat. 2457

   Substituted · 20 U.S.C. § 1087cc(c)(4)

   Pub. L. 103–208, § 2(f)(6), substituted “shall disclose at least annually” for “shall disclose” in introductory provisions

   Source evidence

   Code amendment note
   Subsec. (c)(4). Pub. L. 103–208, § 2(f)(6), substituted “shall disclose at least annually” for “shall disclose” in introductory provisions.

   Enacted provision · exact public law section
   (6) in section 463(c)(4), by striking “shall disclose” and inserting “shall disclose at least annually”;

9. 1993

   Higher Education Technical Amendments of 1993

   Pub. L. 103–208 § 2(f)(7) · 107 Stat. 2457

   Added · 20 U.S.C. § 1087cc(d); 20 U.S.C. § 1087cc(e)

   Pub. L. 103–208, § 2(f)(7), added subsecs. (d) and (e)

   Source evidence

   Code amendment note
   Subsecs. (d), (e). Pub. L. 103–208, § 2(f)(7), added subsecs. (d) and (e).

   Enacted provision · exact public law section
   (7) in section 463, by adding at the end the following new subsections: “(d) Limitation on Use of Interest Bearing Accounts.— In carrying out the provisions of subsection (a)(10), the Secretary may not require that any collection agency, collection attorney, or loan servicer collecting loans made under this part deposit amounts collected on such loans in interest bearing accounts, unless such agency, attorney, or servicer holds such amounts for more than 45 days. “(e) Special Due Diligence Rule.— In carrying out the provisions of subsection (a)(5) relating to due diligence, the Secretary shall make every effort to ensure that institutions of higher education may use Internal Revenue Service skip-tracing collection procedures on loans made under this part.”;

10. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(a)(1) · 112 Stat. 1581

    Amended · 20 U.S.C. § 1087cc(a)(2)(B)

    Pub. L. 105–244, § 463(a)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “a capital contribution—

    Source evidence

    Code amendment note
    Subsec. (a)(2)(B). Pub. L. 105–244, § 463(a)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “a capital contribution—

    “(i) by an institution that— “(I) is granted permission by the Secretary to participate in an Expanded Lending Option under the program, and “(II) has a default rate which does not exceed 7.5 percent for award year 1993–1994 and has a cohort default rate which does not exceed 15 percent for award year 1994–1995 or for any succeeding award year, in an amount not less than the amount of the Federal capital contributions described in subparagraph (A); or “(ii) by any other institution, in an amount not less than three-seventeenths of such Federal capital contribution in fiscal year 1993, and one-third of such Federal capital contribution in each of the succeeding fiscal years, of the amount of the Federal capital contributions described in subparagraph (A);”.

    Enacted provision · exact public law section
    (1) by amending subparagraph (B) of paragraph (2) to read as follows: “(B) a capital contribution by an institution in an amount equal to one-third of the Federal capital contributions described in subparagraph (A);”;

11. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(a)(2) · 112 Stat. 1581

    1. Redesignated · 20 U.S.C. § 1087cc(a)(4)(10)

       Pub. L. 105–244, § 463(a)(2), (3), redesignated pars. (5) to (10) as (4) to (9), respectively

    2. Struck · 20 U.S.C. § 1087cc(a)(4)(10)

       Pub. L. 105–244, § 463(a)(2), (3), struck out former par. (4) which read as follows: “provide that where a note or written agreement evidencing a note has been in default for (A) 120 days, in the case of a loan which is repayable in monthly installments, or (B) 180 days, in the case of a loan which is repayable in less frequent installments, notice of such default shall be given to the Secretary in an annual report describing the total number of loans from such fund which are in such default;”

    Source evidence

    Code amendment note
    Subsec. (a)(4) to (10). Pub. L. 105–244, § 463(a)(2), (3), redesignated pars. (5) to (10) as (4) to (9), respectively, and struck out former par. (4) which read as follows: “provide that where a note or written agreement evidencing a note has been in default for (A) 120 days, in the case of a loan which is repayable in monthly installments, or (B) 180 days, in the case of a loan which is repayable in less frequent installments, notice of such default shall be given to the Secretary in an annual report describing the total number of loans from such fund which are in such default;”.

    Enacted provision · exact public law section
    (2) by striking paragraph (4); and

12. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(1) · 112 Stat. 1581

    1. Substituted · 20 U.S.C. § 1087cc(c)(1)

       Pub. L. 105–244, § 463(b)(1), substituted “the Secretary and each institution of higher education participating in the program under this part shall” for “the Secretary shall”

    2. Inserted · 20 U.S.C. § 1087cc(c)(1)

       Pub. L. 105–244, § 463(b)(1), inserted “and regarding loans held by the Secretary or an institution” after “section 1087gg of this title”

    Source evidence

    Code amendment note
    Subsec. (c)(1). Pub. L. 105–244, § 463(b)(1), substituted “the Secretary and each institution of higher education participating in the program under this part shall” for “the Secretary shall” and inserted “and regarding loans held by the Secretary or an institution” after “section 1087gg of this title”.

    Enacted provision · exact public law section
    (1) in paragraph (1)— (A) by striking “the Secretary shall” and inserting “the Secretary and each institution of higher education participating in the program under this part shall”; and (B) by inserting “and regarding loans held by the Secretary or an institution” after “section 467”;

13. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(2)(A) · 112 Stat. 1581

    Substituted · 20 U.S.C. § 1087cc(c)(2)

    Pub. L. 105–244, § 463(b)(2)(A), in introductory provisions, substituted “by the Secretary or an institution, as the case may be, to such organizations, with respect to any loan held by the Secretary or the institution, respectively, of—” for “by the Secretary to such organizations, with respect to any loan for which the Secretary is responsible, of—”

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 105–244, § 463(b)(2)(A), in introductory provisions, substituted “by the Secretary or an institution, as the case may be, to such organizations, with respect to any loan held by the Secretary or the institution, respectively, of—” for “by the Secretary to such organizations, with respect to any loan for which the Secretary is responsible, of—”.

    Enacted provision · exact public law section
    (A) in the matter preceding subparagraph (A), by striking “by the Secretary” and all that follows through “of—” and inserting “by the Secretary or an institution, as the case may be, to such organizations, with respect to any loan held by the Secretary or the institution, respectively, of—”;

14. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(2)(B) · 112 Stat. 1581

    Amended · 20 U.S.C. § 1087cc(c)(2)(A)

    Pub. L. 105–244, § 463(b)(2)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the date of disbursement and the amount of any such loan;”

    Source evidence

    Code amendment note
    Subsec. (c)(2)(A). Pub. L. 105–244, § 463(b)(2)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the date of disbursement and the amount of any such loan;”.

    Enacted provision · exact public law section
    (B) by amending subparagraph (A) to read as follows: “(A) the date of disbursement and the amount of such loans made to any borrower under this part at the time of disbursement of the loan;”;

15. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(2)(C) · 112 Stat. 1581

    1. Inserted · 20 U.S.C. § 1087cc(c)(2)(B)

       Pub. L. 105–244, § 463(b)(2)(C), inserted “the repayment and” after “concerning” the first place appearing

    2. Substituted · 20 U.S.C. § 1087cc(c)(2)(B)

       Pub. L. 105–244, § 463(b)(2)(C), substituted “status of such” for “status of any defaulted”

    Source evidence

    Code amendment note
    Subsec. (c)(2)(B). Pub. L. 105–244, § 463(b)(2)(C), inserted “the repayment and” after “concerning” the first place appearing and substituted “status of such” for “status of any defaulted”.

    Enacted provision · exact public law section
    (C) in subparagraph (B)— (i) by inserting “the repayment and” after “concerning”; and (ii) by striking “any defaulted” and inserting “such”; and

16. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(2)(D) · 112 Stat. 1581

    Inserted · 20 U.S.C. § 1087cc(c)(2)(C)

    Pub. L. 105–244, § 463(b)(2)(D), inserted “, or upon cancellation or discharge of the borrower’s obligation on the loan for any reason” before period at end

    Source evidence

    Code amendment note
    Subsec. (c)(2)(C). Pub. L. 105–244, § 463(b)(2)(D), inserted “, or upon cancellation or discharge of the borrower’s obligation on the loan for any reason” before period at end.

    Enacted provision · exact public law section
    (D) in subparagraph (C), by inserting “, or upon cancellation or discharge of the borrower’s obligation on the loan for any reason” before the period;

17. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(3)(A) · 112 Stat. 1581

    1. Inserted · 20 U.S.C. § 1087cc(c)(3)

       Pub. L. 105–244, § 463(b)(3)(A), in introductory provisions, inserted “or an institution” after “from the Secretary”

    2. Substituted · 20 U.S.C. § 1087cc(c)(3)

       Pub. L. 105–244, § 463(b)(3)(A), in introductory provisions, substituted “until the loan is paid in full.” for “until—”

    Source evidence

    Code amendment note
    Subsec. (c)(3). Pub. L. 105–244, § 463(b)(3)(A), in introductory provisions, inserted “or an institution” after “from the Secretary” and substituted “until the loan is paid in full.” for “until—”.

    Enacted provision · exact public law section
    (A) in the matter preceding subparagraph (A)— (i) by inserting “or an institution” after “from the Secretary”; and (ii) by striking “until—” and inserting “until the loan is paid in full.”; and

18. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(3)(B) · 112 Stat. 1581

    Struck · 20 U.S.C. § 1087cc(c)(3)(A); 20 U.S.C. § 1087cc(c)(3)(B)

    Pub. L. 105–244, § 463(b)(3)(B), struck out subpars. (A) and (B) which read as follows:

    Source evidence

    Code amendment note
    Subsec. (c)(3)(A), (B). Pub. L. 105–244, § 463(b)(3)(B), struck out subpars. (A) and (B) which read as follows:

    “(A) 7 years from the date on which the Secretary accepted an assignment or referral of a loan, or “(B) 7 years from the date the Secretary first reports the account to a consumer reporting agency.”

    Enacted provision · exact public law section
    (B) by striking subparagraphs (A) and (B);

19. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(4) · 112 Stat. 1581

    Amended · 20 U.S.C. § 1087cc(c)(4)

    Pub. L. 105–244, § 463(b)(4), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “Each institution of higher education, after consultation with the Secretary and pursuant to the agreements entered into under paragraph (1), shall disclose at least annually to any credit bureau organization with which the Secretary has such an agreement—

    Source evidence

    Code amendment note
    Subsec. (c)(4). Pub. L. 105–244, § 463(b)(4), amended par. (4) generally. Prior to amendment, par. (4) read as follows: “Each institution of higher education, after consultation with the Secretary and pursuant to the agreements entered into under paragraph (1), shall disclose at least annually to any credit bureau organization with which the Secretary has such an agreement—

    “(A) the amount of loans made to any borrower under this part at the time of the disbursement of the loan; and “(B) the information set forth in section 1080a(a) of this title.”

    Enacted provision · exact public law section
    (4) by amending paragraph (4) to read as follows: “(4) (A) Except as provided in subparagraph (B), an institution of higher education, after consultation with the Secretary and pursuant to the agreements entered into under paragraph (1), shall disclose at least annually to any credit bureau organization with which the Secretary has such an agreement the information set forth in paragraph (2), and shall disclose promptly to such credit bureau organization any changes to the information previously disclosed. “(B) The Secretary may promulgate regulations establishing criteria under which an institution of higher education may cease reporting the information described in paragraph (2) before a loan is paid in full.”; and

20. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(b)(4) · 112 Stat. 1581

    Added · 20 U.S.C. § 1087cc(c)(5)

    Pub. L. 105–244, § 463(b)(4), added par. (5)

    Source evidence

    Code amendment note
    Subsec. (c)(5). Pub. L. 105–244, § 463(b)(4), added par. (5).

    Enacted provision · exact public law section
    (4) by amending paragraph (4) to read as follows: “(4) (A) Except as provided in subparagraph (B), an institution of higher education, after consultation with the Secretary and pursuant to the agreements entered into under paragraph (1), shall disclose at least annually to any credit bureau organization with which the Secretary has such an agreement the information set forth in paragraph (2), and shall disclose promptly to such credit bureau organization any changes to the information previously disclosed. “(B) The Secretary may promulgate regulations establishing criteria under which an institution of higher education may cease reporting the information described in paragraph (2) before a loan is paid in full.”; and

21. 1998

    Higher Education Amendments of 1998

    Pub. L. 105–244 § 463(c) · 112 Stat. 1581

    Substituted · 20 U.S.C. § 1087cc(d)

    Pub. L. 105–244, § 463(c), substituted “subsection (a)(9)” for “subsection (a)(10)”

    Source evidence

    Code amendment note
    Subsec. (d). Pub. L. 105–244, § 463(c), substituted “subsection (a)(9)” for “subsection (a)(10)”.

    Enacted provision · exact public law section
    (c) Conforming Amendment.— Section 463(d) is amended by striking “subsection (a)(10)” and inserting “subsection 20 USC 1087cc. (a)(9)”.

22. 2008

    Higher Education Opportunity Act

    Pub. L. 110–315 § 463(a) · 122 Stat. 3078

    Amended · 20 U.S.C. § 1087cc(a)(4)(B)

    Pub. L. 110–315, § 463(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “if the institution is not one described in subparagraph (A), the Secretary may—

    Source evidence

    Code amendment note
    Subsec. (a)(4)(B). Pub. L. 110–315, § 463(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “if the institution is not one described in subparagraph (A), the Secretary may—

    “(i) allow such institution to transfer its interest in such loan to the Secretary, for collection, and the Secretary may use any collections thereon (less an amount not to exceed 30 percent of any such sums collected to cover the Secretary’s collection costs) to make allocations to institutions of additional capital contributions in accordance with section 1087bb of this title; or “(ii) allow such institution to refer such note or agreement to the Secretary, without recompense, except that any sums collected on such a loan (less an amount not to exceed 30 percent of any such sums collected to cover the Secretary’s collection costs) shall be repaid to such institution no later than 180 days after collection by the Secretary and treated as an additional capital contribution;”.

    Enacted provision · exact public law section
    (a) Transfers for Collection.— Section 463(a)(4)(B) (20 U.S.C. 1087cc(a)(4)(B)) is amended to read as follows: “(B) if the institution is not one described in subparagraph (A), the Secretary may allow such institution to refer such note or agreement to the Secretary, without recompense, except that, once every six months, any sums collected on such a loan (less an amount not to exceed 30 percent of any such sums collected to cover the Secretary’s collection costs) shall be repaid to such institution and treated as an additional capital contribution under section 462;” .

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

23. 2008

    Higher Education Opportunity Act

    Pub. L. 110–315 § 463(b) · 122 Stat. 3078

    Inserted · 20 U.S.C. § 1087cc(a)(9)

    Pub. L. 110–315, § 463(b), inserted “, except that nothing in this paragraph shall be construed to permit the Secretary to require the assignment of loans to the Secretary other than as is provided for in paragraphs (4) and (5)” before period

    Source evidence

    Code amendment note
    Subsec. (a)(9). Pub. L. 110–315, § 463(b), inserted “, except that nothing in this paragraph shall be construed to permit the Secretary to require the assignment of loans to the Secretary other than as is provided for in paragraphs (4) and (5)” before period.

    Enacted provision · exact public law section
    (b) Revise Authority To Prescribe Additional Fiscal Controls.— Section 463(a)(9) (20 U.S.C. 1087cc(a)(9)) is amended by inserting “, except that nothing in this paragraph shall be construed to permit the Secretary to require the assignment of loans to the Secretary other than as is provided for in paragraphs (4) and (5)” before the period.

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

24. 2008

    Higher Education Opportunity Act

    Pub. L. 110–315 § 432(b)(5)(A) · 122 Stat. 3078

    Substituted · 20 U.S.C. § 1087cc(c)

    Pub. L. 110–315, § 432(b)(5)(A), substituted “consumer reporting agencies” for “credit bureau organizations” in heading

    Source evidence

    Code amendment note
    Subsec. (c). Pub. L. 110–315, § 432(b)(5)(A), substituted “consumer reporting agencies” for “credit bureau organizations” in heading.

    Enacted provision · exact public law section
    (A) in the subsection heading, by striking “Credit Bureau Organizations” and inserting “Consumer Reporting Agencies”;

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

25. 2008

    Higher Education Opportunity Act

    Pub. L. 110–315 § 432(b)(5)(B) · 122 Stat. 3078

    Substituted · 20 U.S.C. § 1087cc(c)(1)

    Pub. L. 110–315, § 432(b)(5)(B), substituted “consumer reporting agencies” for “credit bureau organizations”

    Source evidence

    Code amendment note
    Subsec. (c)(1). Pub. L. 110–315, § 432(b)(5)(B), substituted “consumer reporting agencies” for “credit bureau organizations”.

    Enacted provision · exact public law section
    (B) in paragraph (1), by striking “credit bureau organizations” and inserting “consumer reporting agencies”;

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

26. 2008

    Higher Education Opportunity Act

    Pub. L. 110–315 § 432(b)(5)(C) · 122 Stat. 3078

    Substituted · 20 U.S.C. § 1087cc(c)(2)

    Pub. L. 110–315, § 432(b)(5)(C), substituted “such consumer reporting agencies” for “such organizations”

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 110–315, § 432(b)(5)(C), substituted “such consumer reporting agencies” for “such organizations”.

    Enacted provision · exact public law section
    (C) in paragraph (2), by striking “organizations” and inserting “consumer reporting agencies”;

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

27. 2008

    Higher Education Opportunity Act

    Pub. L. 110–315 § 432(b)(5)(D) · 122 Stat. 3078

    Substituted · 20 U.S.C. § 1087cc(c)(4)(A)

    Pub. L. 110–315, § 432(b)(5)(D), substituted “consumer reporting agency” for “credit bureau organization” in two places

    Source evidence

    Code amendment note
    Subsec. (c)(4)(A). Pub. L. 110–315, § 432(b)(5)(D), substituted “consumer reporting agency” for “credit bureau organization” in two places.

    Enacted provision · exact public law section
    (D) in paragraph (4)(A), by striking “credit bureau organization” each place the term occurs and inserting “consumer reporting agency”; and

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

28. 2008

    Higher Education Opportunity Act

    Pub. L. 110–315 § 432(b)(5)(E) · 122 Stat. 3078

    1. Substituted · 20 U.S.C. § 1087cc(c)(5)

       Pub. L. 110–315, § 432(b)(5)(E), substituted “consumer reporting agencies” for “credit bureau organizations”

    2. Substituted · 20 U.S.C. § 1087cc(c)(5)

       Pub. L. 110–315, § 432(b)(5)(E), substituted “such consumer reporting agencies” for “such organizations”

    Source evidence

    Code amendment note
    Subsec. (c)(5). Pub. L. 110–315, § 432(b)(5)(E), substituted “consumer reporting agencies” for “credit bureau organizations” and “such consumer reporting agencies” for “such organizations”.

    Enacted provision · exact public law section
    (E) in paragraph (5)— (i) by striking “credit bureau organizations” and inserting “consumer reporting agencies”; and (ii) by striking “such organizations” and inserting “such consumer reporting agencies”;

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

29. 2009

    Pub. L. 111–39 § 405(2)(A)(i) · 123 Stat. 1934

    Changed · 20 U.S.C. § 1087cc(c)(2)(A)

    Pub. L. 111–39, § 405(2)(A)(i), realigned margins

    Source evidence

    Code amendment note
    Subsec. (c)(2)(A). Pub. L. 111–39, § 405(2)(A)(i), realigned margins.

    Enacted provision · exact public law section
    (i) by moving the margins of subparagraph (A) 2 ems to the left; and

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

30. 2009

    Pub. L. 111–39 § 405(2)(A)(ii) · 123 Stat. 1934

    1. Added · 20 U.S.C. § 1087cc(c)(2)(B)

       Pub. L. 111–39, § 405(2)(A)(ii), added subpar. (B)

    2. Struck · 20 U.S.C. § 1087cc(c)(2)(B)

       Pub. L. 111–39, § 405(2)(A)(ii), struck out former subpar. (B), resulting in text identical to that after execution of the amendment by Pub. L. 105–244, § 463(b)(2)(C). See 1998 Amendment note below

    Source evidence

    Code amendment note
    Subsec. (c)(2)(B). Pub. L. 111–39, § 405(2)(A)(ii), added subpar. (B) and struck out former subpar. (B), resulting in text identical to that after execution of the amendment by Pub. L. 105–244, § 463(b)(2)(C). See 1998 Amendment note below.

    Enacted provision · exact public law section
    (ii) by striking subparagraph (B) and inserting the following: “(B) information concerning the repayment and collection of any such loan, including information concerning the status of such loan; and” ; and

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

31. 2009

    Pub. L. 111–39 § 405(2)(B) · 123 Stat. 1934

    Substituted · 20 U.S.C. § 1087cc(c)(3)

    Pub. L. 111–39, § 405(2)(B), substituted “and (5)” for “and (6)” and made technical amendment to reference in original act which appears in text as reference to section 1681c of title 15

    Source evidence

    Code amendment note
    Subsec. (c)(3). Pub. L. 111–39, § 405(2)(B), substituted “and (5)” for “and (6)” and made technical amendment to reference in original act which appears in text as reference to section 1681c of title 15.

    Enacted provision · exact public law section
    (B) in paragraph (3)— (i) by striking “and (6)” and inserting “and (5)”; and (ii) by striking “(a)(6)” and inserting “(a)(5)”;

    Effective date note
    Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

38 of 38 references resolved to an enrolled provision