preferred lender arrangement

(8) Preferred lender arrangement The term “preferred lender arrangement”— (A) means an arrangement or agreement between a lender and a covered institution or an institution-affiliated organization of such covered institution— (i) under which a lender provides or otherwise issues education loans to the students attending such covered institution or the families of such students; and (ii) that relates to such covered institution or such institution-affiliated organization recommending, promoting, or endorsing the education loan products of the lender; and (B) does not include— (i) arrangements or agreements with respect to loans under part D of subchapter IV; or (ii) arrangements or agreements with respect to loans that originate through the auction pilot program under section 1099d(b) of this title .


20 USC § 1019(8)

Scoping language

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