Page:United States Statutes at Large Volume 107 Part 1.djvu/381

 PUBLIC LAW 103-66 —AUG. 10, 1993 107 STAT. 355 cash needs, ensure the uninterrupted payment of claims, or ensure that the guaranty agency shall make loans as described in subparagraph (A);". (B) RULES AND OPERATING PROCEDURES.— Section 4280X2) of the Act (20 U.S.C. 1078gX2)) is amended— (i) in subparagraph (A), by inserting before the semicolon at the end the following: ''and ensure a response within 60 days after the student's original complete application is filed under this subsection"; (ii) by redesignating subparagraphs (B) through (D) as subparagraphs (C) through (E), respectively; and (iii) by inserting after subparagraph (A) the following new subparagraph: ''(B) consistent with standards established by the Secretary, students applying for loans under this subsection shall not be subject to additional eligibility requirements or requests for additional information beyond what is required under this title in order to receive a loan under this part from an eligible lender, nor be required to receive more than two rejections from eligible lenders in order to obtain a loan under this subsection;", (b) LENDER REFERRAL SERVICES.—Section 428(e) of the Act (20 U.S.C. 1078(e)) is amended— (1) in paragraph (1)— (A) by amending the paragraph heading to read as follows: "IN GENERAL; AGREEMENTS WITH GUARANTY AGEN- CIES.— "; (B) by inserting the subparagraph designation "(A)" immediately before 'The Secretary"; (C) by striking "in any State" and inserting "with which the Secretary has an agreement under subparagraph (B)"; and (D) by adding at the end the following new subparagraph: "(B)(i) The Secretary may enter into agreements ^yith guaranty agencies that meet standards established by the Secretary to provide lender referral services in geographic areas specified by the Secretary. Such guaranty agencies shall be paid in accordance with paragraph (3) for such services. "(ii) The Secretary shall publish in the Federal Register Federal whatever standards, criteria, and procedures, consistent with ^hif<^«r the provisions of this part and part D of this title, the Secretary determines are reasonable and necessary to provide lender referral services under this subsection and ensure loan access to student and parent borrowers during the transition from the loan programs under this part to the direct student loan programs under part D of this title. Section 431 of the General Education Provisions Act shall not apply to the publication of such standards, criteria, and procedures."; (2) in paragraph (2)— (A) in the matter preceding subparagraph (A), by striking "in a State" and inserting "with whicn the Secretary has an agreement under paragraph (1)(B)"; (B) by amending subparagraph (A) to read as follows: "(A)(i) such student is either a resident of, or is accepted for enrollment in, or is attending, an eligible publication.

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