2018 US Code
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
| 20 U.S.C. § 1086 (2018) |
| §1086. Delegation of functions |
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(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. 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. |
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(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.) |
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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. AMENDMENTS1998—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. EFFECTIVE DATE OF 1998 AMENDMENTAmendment 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. |
| United States Code, 2018 Edition, Title 20 - EDUCATION |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 |
| section 1086 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 80 Stat. 1244 82 Stat. 1024 90 Stat. 2132 94 Stat. 1503 100 Stat. 1413 112 Stat. 1709 |
| Public Law 89-329, Public Law 89-752, Public Law 90-575, Public Law 94-482, Public Law 96-374, Public Law 99-498, Public Law 105-244 |
