Page:United States Statutes at Large Volume 106 Part 3.djvu/212

 106 STAT. 2006 PUBLIC LAW 102-408—OCT. 13, 1992 42 USC 292h. "SEC. 709. OFFICE FOR HEALTH EDUCATION ASSISTANCE LOAN DEFAULT REDUCTION. " (a) ESTABLISHMENT.—The Secretary shall establish, within the Division of Student Assistance of the Bureau of Health Professions, an office to be known as the Office for Health Education Assistance Loan Default Reduction (in this section referred to as the 'Office'). "(b) PURPOSE AND FUNCTIONS. —It shall be the purpose of the Office to achieve a reduction in the number and amounts of defaults on loans guaranteed under this subpart. In carrying out such purpose the Office shall— "(1) conduct analytical and evaluative studies concerning loans and loan defaults; "(2) carry out activities designed to reduce loan defaults; "(3) respond to special circumstances that may exist in the financial lending environment that may lead to loan defaults; "(4) coordinate with other Federal entities that are involved with student loan programs, including— "(A) with respect to the Department of Education, in the development of a single student loan application form, a single student loan deferment form, a single disability form, and a central student loan database; and "(B) with respect to the Department of Justice, in the recovery of payments from health professionals who have defaulted on loans guaranteed under this subpart; "(5) provide technical assistance to borrowers, lenders, holders, and institutions concerning deferments and collection activities; and Reports. "(6) prepare and submit a report not later than March 31, 1993, and annually, thereafter, to the Committee on Labor and Human Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives concerning— "(A) the default rates for each— "(i) institution described in section 719(1) that is participating in the loan programs under this subpart; "(ii) lender participating in the loan program under this subpart; and "(iii) loan holder under this subpart; "(B) the total amounts recovered pursuant to section 707(b) during the preceding fiscal year; and "(C) a plan for improving the extent of such recoveries during the current fiscal year. "(c) ADDITIONAL DUTIES. — In conjunction with the report submitted under subsection (b), the Office shall— Federal «(1) compile, and publish in the Federal Register, a list ^u^fcation ®^ *^® borrowers who are in default under this subpart; and pu 1aion. „^2) ggjuj the report and notices of default with respect to these borrowers to relevant Federal agencies and to schools, school associations, professional and specialty associations. State licensing boards, hospitals with which such borrowers may be associated, and any other relevant organizations. "(d) ALLOCATION OF FUNDS FOR OFFICE. —Inthecaseofamounts reserved under section 710(a)(2)(B) for obligation under this subsection, the Secretary may obligate the amounts for the purpose of administering the Office, including 7 full-time equivalent employ- ment positions for such Office. With respect to such purpose.

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