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20 U.S.C. · Education
20 U.S.C. § 1086

Delegation of functions

Ch. 28 — HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
Title 20 U.S.C. ● ACTIVE Primary Source Ch. 28
Statutory Text

20 U.S.C. § 1086 — Delegation of functions

U.S.C. Title 20 - EDUCATION 20 U.S.C. United States Code, 2023 Edition Title 20 - EDUCATION CHAPTER 28 - HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE SUBCHAPTER IV - STUDENT ASSISTANCE Part B - Federal Family Education Loan Program Sec. 1086 - Delegation of functions From the U.S. Government Publishing Office, www.gpo.gov

§1086. Delegation of functions

(a) In general An eligible lender or guaranty agency that contracts with another entity to perform any of the lender's or agency's functions under this subchapter, or otherwise delegates the performance of such functions to such other entity— (1) shall not be relieved of the lender's or agency's duty to comply with the requirements of this subchapter; and (2) shall monitor the activities of such other entity for compliance with such requirements. (b) Special rule A lender that holds a loan made under this part in the lender's capacity as a trustee is responsible for complying with all statutory and regulatory requirements imposed on any other holder of a loan made under this part.

(Pub. L. 89–329, title IV, §436, as added Pub. L. 99–498, title IV, §402(a), Oct. 17, 1986, 100 Stat. 1413; amended Pub. L. 105–244, title IV, §430, Oct. 7, 1998, 112 Stat. 1709.)

Editorial Notes

Prior Provisions A prior section 1086, Pub. L. 89–329, title IV, §436, as added Pub. L. 89–752, §12, Nov. 3, 1966, 80 Stat. 1244; amended Pub. L. 90–575, title I, §116(b)(5), Oct. 16, 1968, 82 Stat. 1024; Pub. L. 94–482, title I, §127(a), Oct. 12, 1976, 90 Stat. 2132; Pub. L. 96–374, title XIII, §1391(a)(1), Oct. 3, 1980, 94 Stat. 1503, related to a District of Columbia student loan insurance program, prior to the general revision of this part by Pub. L. 99–498.

Amendments 1998—Pub. L. 105–244 amended section catchline and text generally. Prior to amendment, section authorized establishment of a District of Columbia student loan insurance program.

Statutory Notes and Related Subsidiaries

Effective Date of 1998 Amendment Amendment by Pub. L. 105–244 effective Oct. 1, 1998, except as otherwise provided in Pub. L. 105–244, see section 3 of Pub. L. 105–244, set out as a note under section 1001 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 20 U.S.C. § 1086 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 28 — HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
20 U.S.C. § 100120 U.S.C. § 100220 U.S.C. § 100320 U.S.C. § 101120 U.S.C. § 1011a20 U.S.C. § 1011b20 U.S.C. § 1011c20 U.S.C. § 1011d20 U.S.C. § 1011e20 U.S.C. § 1011f20 U.S.C. § 1011g20 U.S.C. § 1011h20 U.S.C. § 1011i20 U.S.C. § 1011j20 U.S.C. § 1011k20 U.S.C. § 1011l20 U.S.C. § 1011m20 U.S.C. § 101520 U.S.C. § 1015a20 U.S.C. § 1015b20 U.S.C. § 1015c20 U.S.C. § 1015d20 U.S.C. § 1015e20 U.S.C. § 1015f20 U.S.C. § 101820 U.S.C. § 1018a20 U.S.C. § 1018b20 U.S.C. § 101920 U.S.C. § 1019a20 U.S.C. § 1019b
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