Page:United States Statutes at Large Volume 100 Part 2.djvu/380

 100 STAT. 1482 •'

State and local fnTrop^mQ?" ^0 Ubc 1091a.

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PUBLIC LAW 99-498—OCT. 17, 1986 " S T A T U T E OF LIMITATIONS

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"SEC. 484A, (a) IN GENERAL.—Notwithstanding any provision of State law that would set an earlier deadline for filing suit— it^i^ ^jj institution which receives funds under this title may file suit for collection of a refund due from a student on a grant made or work assistance awarded under this title during a period of time extending at least until a date 6 years (exclusive of periods during which the State statute of limitations period otherwise applicable to the suit would be tolled under State law) after the date the refund first became due; "(2) a guaranty agency which has an agreement with the Secretary under section 428(c) may file suit for collection of the amount due from a borrower on a loan made under part B of this title during a period of time extending at least until a date 6 years (exclusive of periods during which the State statute of limitations period otherwise applicable to the suit would be tolled under State law) after the date such guaranty agency reimburses the previous holder of the loan for its loss on account of the default of the borrower; "(3) an institution which has an agreement with the Secretary pursuant to section 463(a) may file suit for collection of the amount due from a borrower on a loan made under part E of this title during a period of time extending at least until a date 6 years (exclusive of periods during which the State statute of limitations period otherwise applicable to the suit would be tolled under State law) after the date of the default of the borrower with respect to that amount; and "(4) subject to the provisions of section 2416 of title 28 of the United States Code, the Attorney General may file suit— "(A) for payment of a refund due from a student on a grant made under this title until 6 years following the date on which the refund first became due; "(B) for collection of the amount due the Secretary from a borrower pursuant to section 428(c)(2)(D) and (c)(8) of this Ti; 1 title until 6 years following the date on which the loan is assigned to the Secretary under part B of this title; and ICC "(C) for collection of the amount due from a borrower on a loan made under part E until 6 years following the date on which the loan is assigned, transferred, or referred to the Secretary under part E of this title. "(b) ASSESSMENT OF COSTS AND OTHER CHARGES.—Notwithstanding

any provision of State law to the contrary— "(1) a borrower who has defaulted on a loan made under this title shall be required to pay, in addition to other charges specified in this title, reasonable collection costs; and "(2) in collecting any obligation arising from a loan made under part B of this title, a guaranty agency or the Secretary shall not be subject to a defense raised by any borrower based on a claim of infancy. "INSTITUTIONAL AND FINANCIAL ASSISTANCE INFORMATION FOR STUDENTS

20 USC 1092.

"SEC. 485. (a) INFORMATION DISSEMINATION ACTIVITIES.—(1) Each

eligible institution participating in any program under this title shall carry out information dissemination activities for prospective

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