[Code of Federal Regulations]

[Title 42, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 42CFR60.54]



[Page 345]

 

                         TITLE 42--PUBLIC HEALTH

 

    CHAPTER I--PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN 

                                SERVICES

 

PART 60_HEALTH EDUCATION ASSISTANCE LOAN PROGRAM--Table of Contents

 

                          Subpart E_The School

 

Sec. 60.54  Payment of refunds by schools.



    A participating school must pay that portion of a refund that is 

allocable to a HEAL loan directly to the original lender (or to a 

subsequent holder of the loan note, if the school has knowledge of the 

holder's identity). At the same time, the school must provide to the 

borrower written notice that it is doing so.



(Approved by the Office of Management and Budget under control number 

0915-0108)



[48 FR 38988, Aug. 26, 1983, as amended at 57 FR 28799, June 26, 1992]