20 U.S.C. § 1092c : US Code - Section 1092C: Simplification of lending process for borrowers

Search 20 U.S.C. § 1092c : US Code - Section 1092C: Simplification of lending process for borrowers

(a) All like loans treated as one
To the extent practicable, and with the cooperation of the
borrower, eligible lenders shall treat all loans made to a borrower
under the same section of part B of this subchapter as one loan and
shall submit one bill to the borrower for the repayment of all such
loans for the monthly or other similar period of repayment. Any
deferments on one such loan will be considered a deferment on the
total amount of all such loans.
(b) One lender, one guaranty agency
To the extent practicable, and with the cooperation of the
borrower, the guaranty agency shall ensure that a borrower only
have one lender, one holder, one guaranty agency, and one servicer
with which to maintain contact.