34 CFR 682.212 - Prohibited transactions.

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There is 1 rule appearing in the Federal Register for 34 CFR 682. View below or at eCFR (GPOAccess)
§ 682.212 Prohibited transactions.
(a) No points, premiums, payments, or additional interest of any kind may be paid or otherwise extended to any eligible lender or other party in order to—
(1) Secure funds for making loans; or
(2) Induce a lender to make loans to either the students or the parents of students of a particular school or particular category of students or their parents.
(b) The following are examples of transactions that, if entered into for the purposes described in paragraph (a) of this section, are prohibited:
(1) Cash payments by or on behalf of a school made to a lender or other party.
(2) The maintaining of a compensating balance by or on behalf of a school with a lender.
(3) Payments by or on behalf of a school to a lender of servicing costs on loans that the school does not own.
(4) Payments by or on behalf of a school to a lender of unreasonably high servicing costs on loans that the school does own.
(5) Purchase by or on behalf of a school of stock of the lender.
(6) Payments ostensibly made for other purposes.
(c) Except when purchased by an agency of any State functioning as a secondary market or in any other circumstances approved by the Secretary, notes, or any interest in notes, may not be sold or otherwise transferred at discount if the underlying loans were made—
(1) By a school; or
(2) To students or parents of students attending a school by a lender having common ownership with that school.
(d) Except to secure a loan from an agency of a State functioning as a secondary market or in other circumstances approved by the Secretary, a school or lender (with respect to a loan made to a student, or a parent of a student, attending a school having common ownership with that lender), may not use a loan made under the FFEL programs as collateral for any loan bearing aggregate interest and other charges in excess of the sum of the interest rate applicable to the loan plus the rate of the most recently prescribed special allowance under § 682.302.
(e) The prohibitions described in paragraphs (a), (b), (c), and (d) of this section apply to any school, lender, or other party that would participate in a proscribed transaction.
(f) This section does not preclude a buyer of loans made by a school from obtaining from the loan seller a warranty that—
(1) Covers future reductions by the Secretary or a guaranty agency in computing the amount of loss payable on default claims filed on the loans, if the reductions are attributable to an act, or failure to act, on the part of the seller or previous holder; and
(2) Does not cover matters for which a purchaser is charged with responsibility under this part, such as due diligence in collecting loans.
(g) Section 490(c) of the Act provides that any person who knowingly and willfully makes an unlawful payment to an eligible lender as an inducement to make, or to acquire by assignment, a FFEL loan shall, upon conviction thereof, be fined not more than $10,000 or imprisoned not more than one year, or both.
(h) A school may, at its option, make available a list of recommended or suggested lenders, in print or any other medium or form, for use by the school's students or their parents provided that such list complies with the requirements in 34 CFR 601.10 and 668.14(a)(28).
(Approved by the Office of Management and Budget under control number 1845-0020)
[57 FR 60323, Dec. 18, 1992, as amended at 72 FR 62002, Nov. 1, 2007; 74 FR 55664, Oct. 28, 2009]

Title 34 published on 2013-07-01

The following are only the Rules published in the Federal Register after the published date of Title 34.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2013-11-01; vol. 78 # 212 - Friday, November 1, 2013
    1. 78 FR 65768 - Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program
      GPO FDSys XML | Text
      DEPARTMENT OF EDUCATION, Office of Postsecondary Education
      Final regulations.
      Effective date: These regulations are effective July 1, 2014. Implementation dates: For implementation dates, see the Implementation Date of These Regulations section of the SUPPLEMENTARY INFORMATION section.
      34 CFR Parts 668, 674, 682, and 685

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code
U.S. Code: Title 8 - ALIENS AND NATIONALITY
U.S. Code: Title 20 - EDUCATION

§ 1070 - Statement of purpose; program authorization

§ 1070a - Federal Pell Grants: amount and determinations; applications

20 U.S. Code § 981 to 996 - Repealed.

20 U.S. Code § 981 to 996 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–2 to 1070a–6 - Repealed.

20 U.S. Code § 1070a–31 to 1070a–35 - Repealed.

20 U.S. Code § 1070a–41 to 1070a–43 - Repealed.

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

§ 1070b - Purpose; appropriations authorized

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

§ 1070c - Purpose; appropriations authorized

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

20 U.S. Code § 1070c–3a - Grants for access and persistence

20 U.S. Code § 1070a–51 to 1070a–53 - Repealed.

§ 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

20 U.S. Code § 1070d to 1070d–1d - Repealed.

§ 1070e - Child care access means parents in school

§ 1070f to 1070f–6 - Repealed.

§ 1070g - Definitions

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

§ 1070h - Scholarships for veteran’s dependents

§ 1071 - Statement of purpose; nondiscrimination; and appropriations authorized

§ 1072 - Advances for reserve funds of State and nonprofit private loan insurance programs

§ 1072a - Federal Student Loan Reserve Fund

§ 1072b - Agency Operating Fund

§ 1073 - Effects of adequate non-Federal programs

§ 1074 - Scope and duration of Federal loan insurance program

§ 1075 - Limitations on individual federally insured loans and on Federal loan insurance

§ 1076 - Sources of funds

§ 1077 - Eligibility of student borrowers and terms of federally insured student loans

§ 1077a - Applicable interest rates

§ 1078 - Federal payments to reduce student interest costs

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

§ 1079 - Certificate of Federal loan insurance—effective date of insurance

§ 1080 - Default of student under Federal loan insurance program

§ 1080a - Reports to consumer reporting agencies and institutions of higher education

§ 1081 - Insurance fund

§ 1082 - Legal powers and responsibilities

§ 1083 - Student loan information by eligible lenders

§ 1083a - Consumer education information

§ 1084 - Participation by Federal credit unions in Federal, State, and private student loan insurance programs

§ 1085 - Definitions for student loan insurance program

§ 1086 - Delegation of functions

§ 1087

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

20 U.S. Code § 1070f to 1070f–6 - Repealed.

§ 1088 - Definitions

§ 1088a - Clock and credit hour treatment of diploma nursing schools

§ 1089 - Master calendar

§ 1090 - Forms and regulations

§ 1091 - Student eligibility

§ 1091a - Statute of limitations, and State court judgments

§ 1091b - Institutional refunds

§ 1091c - Readmission requirements for servicemembers

§ 1092 - Institutional and financial assistance information for students

§ 1092a - Combined payment plan

§ 1092b - National Student Loan Data System

§ 1092c - Simplification of lending process for borrowers

§ 1092d - Scholarship fraud assessment and awareness activities

§ 1092e - College access initiative

§ 1092f - Early awareness of financial aid eligibility

§ 1093 - Distance education demonstration programs

§ 1093a - Articulation agreements

§ 1094 - Program participation agreements

§ 1094a - Regulatory relief and improvement

§ 1094b - Assignment of identification numbers

§ 1095 - Transfer of allotments

§ 1095a - Wage garnishment requirement

§ 1096 - Administrative expenses

§ 1096a - Repealed.

§ 1097 - Criminal penalties

§ 1097a - Administrative subpoenas

§ 1098 - Advisory Committee on Student Financial Assistance

§ 1098e - Income-based repayment

§ 1099

§ 1141 - College access challenge grant program

Presidential Documents

Executive Order ... 12549

Executive Order ... 12689

Title 34 published on 2013-07-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 34 CFR 682 after this date.

  • 2013-11-01; vol. 78 # 212 - Friday, November 1, 2013
    1. 78 FR 65768 - Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program
      GPO FDSys XML | Text
      DEPARTMENT OF EDUCATION, Office of Postsecondary Education
      Final regulations.
      Effective date: These regulations are effective July 1, 2014. Implementation dates: For implementation dates, see the Implementation Date of These Regulations section of the SUPPLEMENTARY INFORMATION section.
      34 CFR Parts 668, 674, 682, and 685