Page:United States Statutes at Large Volume 105 Part 2.djvu/114

 105 STAT. 1066 PUBLIC LAW 102-164—NOV. 15, 1991 adverse credit history, to obtain a credit worthy cosigner in order to obtain the loan, provided that, for purposes of this clause, an insufficient or nonexistent credit history may not be considered to be an adverse credit history.". SEC. 602. BORROWER INFORMATION. 20 USC 1077. (a) pjgL PROGRAM.— Section 427 of the Act is amended by adding at the end thereof the following new subsection: "(d) BORROWER INFORMATION.—The lender shall obtain the borrower's driver's license number, if any, at the time of application for the loan.". 20 USC 1078. (b) GSL PROGRAM.— Section 428 of the Act is amended— (1) in subsection (a)(2)(A)— (A) in clause (i)(D, by striking out "and" at the end thereof; (B) in clause (ii), by striking out the period at the end thereof and inserting in lieu thereof a semicolon and "and"; and (C) by adding at the end thereof the following new clause: "(iii) have provided to the lender at the time of application for a loan made, insured, or guaranteed under this part, the student's driver's number, if any.". SEC. 603. ADDITIONAL BORROWER INFORMATION. 20 USC 1092. Section 485(b) of the Act is amended— (1) by striking the subsection heading and inserting "EXIT COUNSEUNG FOR BORROWERS; BORROWER INFORMATION. —"; and (2) by adding at the end thereof the following: "Each eligible institution shall require that the borrower of a loan made under part B, part D, or part E submit to the institution, during the exit interview required by this subsection, the borrower's expected permanent address after leaving the institution, regardless of the reason for leaving; the name and address of the borrower's expected employer after leaving the institution; and the address of the borrower's next of kin. In the case of a loan made under part B, the institution shall then submit this information to the holder of the loan.". SEC. 604. CONFESSION OF JUDGMENT. Section 428(b)(l) of the Act is further amended— (1) in subparagraph (V), by striking "and" at the end thereof; (2) in subparagraph (W), by striking the period at the end thereof and inserting a semicolon and "and"; and (3) by adding at the end thereof the following new subparagraph: "(X) provides that the lender shall obtain, as part of the note or written agreement evidencing the loan, the borrower's authorization for entry of judgment against the borrower in the event of default.". SEC. 605. WAGE GARNISHMENT. (a) AMENDMENT. —Part G of title IV of the Act is amended by inserting immediately following section 488 the following new section:

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