Page:United States Statutes at Large Volume 112 Part 2.djvu/810

 112 STAT. 1694 PUBLIC LAW 105-244—OCT. 7, 1998 Deadline. "(3) WAIVER NOTICE. —The Secretary shall notify the Chairperson and the Ranking Minority Member of the Committee on Labor and Human Resources of the Senate and the Committee on Education and the Workforce of the House of Representatives not later than 30 days prior to the granting of a waiver pursuant to subsection (a)(2) to a guaranty agency that is not a party to a voluntary flexible agreement. "(4) PUBLIC AVAILABILITY. —The text of any voluntary flexible agreement, and any subsequent revisions, and any waivers related to section 428(b)(3) that are not part of such an agreement, shall be readily available to the public. "(5) MODIFICATION NOTICE.— The Secretary shall notify the Chairperson and the Ranking Minority Members of the Committee on Labor and Human Resources of the Senate and the Committee on Education and the Workforce of the House of Representatives 30 days prior to any modifications to an agreement under this section. "(d) TERMINATION.— At the expiration or early termination of an agreement under this section, the Secretary shall reinstate the guaranty agency's prior agreements under subsections (b) and (c) of section 428, subject only to such additional requirements as the Secretary determines to be necessary in order to ensure the efficient transfer of responsibilities between the agreement under this section and the agreements under subsections (b) and (c) of section 428, and including the guaranty agency's compliance with reserve requirements under sections 422 and 428.". SEC. 419. FEDERAL PLUS LOANS. Section 428B (20 U.S.C. 1078-2) is amended— (1) by amending subsection (a) to read as follows: "(a) AUTHORITY TO BORROW.— "(1) AUTHORITY AND ELIGIBILITY.—Parents of a dependent student shall be eligible to borrow funds under this section in amounts specified in subsection (b), if— "(A) the parents do not have an adverse credit history as determined pursuant to regulations promulgated by the Secretary; and "(B) the parents meet such other eligibility criteria as the Secretary may establish by regulation, after consultation with guaranty agencies, eligible lenders, and other organizations involved in student financial assistance. "(2) TERMS, CONDITIONS, AND BENEFITS. —Except as provided in subsections (c), (d), and (e), loans made under this section shall have the same terms, conditions, and benefits as all other loans made under this part. "(3) SPECIAL RULE. — Whenever necessary to carry out the provisions of this section, the terms 'student' and Tjorrower* as used in this part shall include a parent borrower under this section."; and (2) by adding at the end the following: " (f) VERIFICATION OF IMMIGRATION STATUS AND SOCIAL SECURITY NUMBER.— ^A parent who wishes to borrow funds under this section shall be subject to verification of the parent's— "(1) immigration status in the same manner as immigration status is verified for students under section 484(g); and

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