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Subsec. (c)(1). Pub. L. 105–244, § 420(b)(2), amended heading, additional subpar. (A), and you can strike away previous subpar. (A) and this discover the following: “Integration financing produced under so it section should happen interest on cost computed not as much as subparagraph (B), (C), or (D). Into the purposes of fee from special allowances under part 1087–1(b)(2) of this term, the rate necessary for this subsection is the appropriate notice speed when it comes to a combination financing.”

1997-Subsec. (a)(4)(C) to help you (E). Pub. L. 105–78, § 609(b), extra subpar. (C) and you can redesignated previous subpars. (C) and (D) just like the (D) and you can (E), correspondingly.

L. 103–208, § 2(c)(33), substituted “defaulted borrower who may have produced agreements to repay the duty towards the defaulted fund sufficient towards people of one’s defaulted fund” to possess “delinquent or defaulted borrower who will reenter fees due to mortgage integration”

Subsec. (b)(4)(C)(ii)(I). Pub. L. 105–78, § 609(c)(1), (2), joined “wherein the program is gotten because of the an eligible bank ahead of November thirteen, 1997 , or toward or after Oct step 1, 1998 ,” just after “consolidation financing” and you will strike out “or” during the end.

Subsec. (b)(4)(C)(ii)(II), (III). Pub. L. 105–78, § 609(c)(3)–(5), added subcl. (II) and you will redesignated former subcl. (II) because the (III) and you can joined “otherwise (II)” ahead of semicolon within avoid.

1996-Subsec. (a)(1)(A). Club. L. 104–208 registered “or even the Carrying Company of one’s Student loan Product sales Organization, and any subsidiary of one’s Holding Team, created pursuant so you’re able to part 1087–step 3 of title” after “Student loan Selling Organization”.

Pub. L. 103–66, § 4046(a)(1), revised subpar. (A) basically. Just before modification, subpar. (A) read as follows: “With regards to so it section, the definition of ‘qualified borrower’ means a debtor who, at the time of app to have a consolidation loan-

L. 103–208, § 2(c)(34), struck away before semicolon from the prevent “, with the exception of loans made to mother or father individuals lower than part 1078–dos of the name as with impression ahead of Oct 17, 1986 ”

“(i) keeps a great indebtedness to the qualified college loans, during the time of application to have an integration loan, out of for around $seven,500; and you can

“(ii) is in installment updates, or perhaps in a sophistication period before installment, or perhaps is an unpaid otherwise defaulted debtor who can reenter fees compliment of financing combination.”

Subsec. (a)(3)(B)(ii). Bar. L. 103–66, § 4046(b)(2), hit away during the avoid “Absolutely nothing in this part will be interpreted so you can authorize the newest Secretary to require lenders, proprietors, or guarantors of consolidated fund to receive, to keep, or to generate records regarding preexisting information according to people eligible education loan (because laid out under paragraph (4)) discharged of the a debtor for the searching an integration financing.”

Subsec. (a)(4)(C). Pub. L. 103–208, § 2(c)(35), substituted “region A good” to own “area C” in advance of “regarding label VII of your own Societal Wellness Provider Operate”.

Subsec. (b)(4)(C). Bar. L. 103–66, § 4046(a)(2)(B), revised subpar. (C) basically. In advance of modification, subpar. (C) understand below: “brings that unexpected installments regarding dominant doesn’t have to be repaid, but focus will accrue and get paid off by Assistant, through the one months where the newest borrower might be qualified to receive a good deferral under part 1078(b)(1)(M) associated with the term, which such period shall not used in deciding the newest cost several months pursuant in order to subsection (c)(2) regarding the area;”.

Subsec. (c)(1)(B), (C). Club. L. 103–66, § 4046(a)(3)(A), revised subpars. (B) and you will (C) essentially. In advance of modification, subpars. (B) and you can (C) realize as follows:

“(B) Except given that provided from inside the subparagraph (C), an integration financing shall happen attention at the a yearly rates towards the the newest outstanding dominating harmony of mortgage that is equivalent to the latest weighted average of your interest levels for the financing consolidated, circular towards nearest whole per cent.