Page:United States Statutes at Large Volume 124.djvu/1104

 124 STAT. 1078 PUBLIC LAW 111–152—MAR. 30, 2010 (C) in subsection (a)(2)(A)— (i) in the second sentence of the matter preceding clause (i), by striking ‘‘made, insured, or guaranteed’’ and inserting ‘‘made’’; and (ii) in clause (iii)— (I) in subclause (III), by striking ‘‘only Federal Stafford’’ and all that follows through ‘‘section 428B’’ and inserting ‘‘only Federal Direct Stafford Loans under section 455(a)(2)(A), Federal Direct Unsubsidized Stafford Loans under section 455(a)(2)(D), or Federal Direct PLUS Loans under section 455(a)(2)(B)’’; and (II) in subclause (V), by striking ‘‘a Federal Stafford’’ and all that follows through ‘‘section 428B’’ and inserting ‘‘a Federal Direct Stafford Loan under section 455(a)(2)(A), a Federal Direct Unsubsidized Stafford Loan under section 455(a)(2)(D), or a Federal Direct PLUS Loan under section 455(a)(2)(B)’’. (2) EFFECTIVE DATE.—The amendments made by subpara- graph (C) of paragraph (1) shall be effective on July 1, 2010, as if enacted as part of section 102(a)(1) of the Higher Education Opportunity Act (Public Law 110–315) and subject to section 102(e) of such Act as amended by section 101(a)(2) of Public Law 111–39 (20 U.S.C. 1002 note). SEC. 2210. CONFORMING AMENDMENTS. (a) AMENDMENTS.—Section 454 (20 U.S.C. 1087d) is amended— (1) in subsection (a)— (A) by striking paragraph (4); and (B) by redesignating paragraphs (5) through (7) as paragraphs (4) through (6), respectively; and (2) in subsection (b)(2), by striking ‘‘(5), (6), and (7)’’ and inserting ‘‘(5), and (6)’’. (b) EFFECTIVE DATE.—The amendments made by subsection (a) shall take effect on July 1, 2010. SEC. 2211. TERMS AND CONDITIONS OF LOANS. (a) IN GENERAL.—Section 455 (20 U.S.C. 1087e) is amended— (1) in subsection (a)(1), by inserting ‘‘, and first disbursed on June 30, 2010,’’ before ‘‘under sections 428’’; and (2) in subsection (g)— (A) by inserting ‘‘, including any loan made under part B and first disbursed before July 1, 2010’’ after ‘‘section 428C(a)(4)’’; and (B) by striking the third sentence. (b) EFFECTIVE DATE.—The amendment made by subsection (a)(1) shall apply with respect to loans first disbursed under part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.) on or after July 1, 2010. SEC. 2212. CONTRACTS; MANDATORY FUNDS. (a) CONTRACTS.—Section 456 (20 U.S.C. 1087f) is amended— (1) in subsection (a)— (A) by inserting after paragraph (3) the following new paragraph: ‘‘(4) SERVICING BY ELIGIBLE NOT-FOR-PROFIT SERVICERS.— ‘‘(A) SERVICING CONTRACTS.— Applicability. 20 USC 1087d note. 20 USC 1002 note.