20 U.S.C. 1078-6: Default reduction program

2013

• Pub. L. 113–67, §501(1), added cl. (ii) and struck out former cl. (ii) which read as follows: "on or before September 30, 2011, assign the loan to the Secretary if— Law text · (a)
• Pub. L. 113–67, §501(2), added cl. (i) and struck out former cl. (i) which read as follows: "the guaranty agency— Law text · (a)

2009

• Pub. L. 111–39, §402(d)(1)(A)(i), amended par. (1) generally. Prior to amendment, par. (1) related to the sale of a loan by a guaranty agency or the Secretary. Law text · (a)
• Pub. L. 111–39, §402(d)(1)(A)(ii), substituted "paragraph (1)(A)(i)" for "paragraph (1) of this subsection" and "paragraph (1)(D)(ii)(I)" for "paragraph (1)(B)(ii) of this subsection". Law text · (a)
• Pub. L. 111–39, §402(d)(1)(A)(iii)(II), substituted "sale or assignment." for "sale." Law text · (a)
• Pub. L. 111–39, §402(d)(1)(A)(iii)(I), which directed substitution of "sold or assigned under paragraph (1)(A)" for "sold under paragraph (2)", was executed by making the substitution for "sold under paragraph (1)" to reflect the probable intent of Congress. Law text · (a)
• Pub. L. 111–39, §402(d)(1)(A)(iv), substituted "that is sold or assigned under paragraph (1)" for "which is sold under paragraph (1) of this subsection". Law text · (a)
• Pub. L. 111–39, §402(d)(1)(A)(v), inserted "(whether by loan sale or assignment)" after "rehabilitating a loan". Law text · (a)
• Pub. L. 111–39, §402(d)(1)(B), inserted "or assigned to the Secretary" after "sold to an eligible lender". Law text · (b)

2008

• Pub. L. 110–315, §426(1)(A), inserted at end "Upon the sale of the loan to an eligible lender, the guaranty agency or other holder of the loan shall request any consumer reporting agency to which the guaranty agency or holder, as applicable, reported the default of the loan, to r… (Higher Education Opportunity Act) Law text · (a)
• Pub. L. 110–315, §426(1)(B), added par. (5). (Higher Education Opportunity Act) Law text · (a)
• Pub. L. 110–315, §426(2), added subsec. (c). (Higher Education Opportunity Act) Law text · (c)

2006

• Pub. L. 109–171, §8014(h)(1), substituted "9 payments made within 20 days of the due date during 10 consecutive months" for "consecutive payments for 12 months". (Deficit Reduction Act of 2005) Law text · (a)
• Pub. L. 109–171, §8014(h)(2), (3), added subpar. (C) and redesignated former subpar. (C) as (D). (Deficit Reduction Act of 2005) Law text · (a), (D)

1998

• Pub. L. 105–244 substituted "Satisfactory repayment arrangements to renew eligibility" for "Special rule" in heading. (Higher Education Amendments of 1998) Law text · (b)

1993

• Pub. L. 103–208, §2(c)(38), substituted "paragraph (1) of this subsection" for "this paragraph" and "this subsection" for "this section". · (a)
• Pub. L. 103–208, §2(c)(39), substituted "paragraph (1) of this subsection" for "this paragraph". · (a)
• Pub. L. 103–208, §2(c)(40), inserted at end "A borrower may only obtain the benefit of this subsection with respect to renewed eligibility once." · (b)

1992

• Pub. L. 102–325, §420(1)–(3), redesignated subsec. (b) as (a), in par. (1)(A) substituted "Each guaranty agency shall enter into an agreement with the Secretary which shall provide that upon" for "Upon" and inserted provision at end that neither the guaranty agency nor the Secretary de… · (a)
• Pub. L. 102–325, §420(4), added subsec. (b). Former subsec. (b) redesignated (a). · (b)

1989

• Pub. L. 101–239 amended section generally, substituting provisions relating to default reduction program for former provisions relating to rehabilitation of defaulted loans.

1987

• Pub. L. 100–50 redesignated subsec. (c) as (b) and struck out former subsec. (b) which read as follows: "The loans which shall be eligible for rehabilitation under this section shall be only those loans which are made to borrowers who, at the time of default on the loan, are unem… · (b), (c)