Mich. Admin. Code R. 390.1602 - Definitions; G to S
Rule 2. As used in these rules:
(a) "Guaranty agency" means the Michigan
higher education assistance authority or any entity which is approved by the
authority and guarantees student loans under the higher education act of 1965,
or other federal law, and has entered into an agreement with the secretary for
reinsurance of its guarantees of student loans.
(b) "Participating lender" means a lending
institution, which has entered into an agreement with the guaranty
agency.
(c) "Secretary" means the
United States secretary of education or a designee of the secretary.
Notes
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