Page:United States Statutes at Large Volume 106 Part 1.djvu/577

 PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 545 (4) in paragraph (3)(A), by striking out "The Secretary" and all that follows through "disqualification—" in the second sen- ^ tence and inserting the following: "The Secretary shall uphold ^ the imposition of such limitation, suspension, or termination in the student loan insurance program of each of the guaranty agencies under this part, and shall notify such guaranty agencies of such sanctions—"; (5) in subsection (h)(3)(B), by striking "disqualification" each place such term appears and inserting "sanction"; and (6) by redesignating subparagraph (B) of subsection (h)(3) as subparagraph (C) of such subsection, and by inserting after subparagraph (A) the following new subparagraph: "(B) Ite Secretary's review under this paragraph of the limitation, suspension, or termination Imposed by a guaranty agency pursuant to section 428(b)(l)(T) shall be limited to— "(i) a review of the written record of the proceedings in which the guaranty agency imposed such sanctions; and "(ii) a determination as to whether the guaranty agency complied with section 428(b)(l)(T) and any notice and hearing requirements prescribed in regulations of the Secretary under this part.". (e) ADDITIONAL LEGAL POWERS AJJD RESPONSIBILITIES. —Section 432 of the Act is amended by adding at the end the following 20 USC 1082. new subsections: "(k) PROGRAM OF ASSISTANCE FOR BORROWERS.— ^ "(1) IN GENERAL. — The Secretary shall undertake a program to encourage corporations and other private and public employ- ers, including the Federal Government, to assist borrowers in repaying loans received under this title, including providing employers with options for payroll deduction of loan payments and offering loan repayment matching provisions as part of employee benefit packages. "(2) PUBLICATION. —^^e Secretary shall publicize models for providing the repayment assistsince described in paragraph (1) and each year select entities that deserve recognition, through means devised by the Secretary, for the development of innovative plsms for providing such assistance to employees. " (3) RECOMMENDATION. —Within 1 year after the date of enactment of the Higher Education Amendments of 1992, the Secretary shall recommend to the appropriate committees in the Senate and House of Representatives changes to statutes that could be made in order to further encourage such efforts. "(1) UNIFORM ADMINISTRATIVE AND CLAIMS PROCEDURES. — "(1) IN GENERAL.— The Secretary shall, by regulation devel- Regulations, oped in consultation with guaranty agencies, lenders, institutions of higher education, secondsiry markets, students, third party servicers and other organizations involved in providing loans under this part, prescribe standardized forms and procedures regarding— "(A) origination of loans; "(B) electronic funds transfer; "(C) guaranty of loans; " (D) deferments; "(E) forbearance; " (F) servicing; "(G) claims ming; 59-194 O—93 19: QL 3 (Pt. 1)

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