File No. 33556
This notice was published in the May 1, 2010, issue (Vol. 2010, No. 9) of the Utah State Bulletin.
Regents (Board Of), Administration
Rule R765-626
Lender of Last Resort Program
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 33556
Filed: 04/13/2010 03:43:56 PM
NOTICE OF REVIEW AND STATEMENT OF CONTINUATION
Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:
Current federal law under 34 CFR Part 682.401(c) and Title 53B, Chapter 12, require a designated lender of last resort for the federal student loan program administered in each state.
Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:
No comments were received during the past five-year period.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
Federal law requires the continuation of this rule since a provision for a lender of last resort for students attending an institution of higher education in Utah that may request a federal student loan must be established.
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:
Regents (Board Of)Administration
60 SOUTH 400 WEST
SALT LAKE CITY, UT 84101-1284
Direct questions regarding this rule to:
- Ronell Crossley at the above address, by phone at 801-321-7291, by FAX at 801-321-7299, or by Internet E-mail at rcrossley@utahsbr.edu
Effective:
04/13/2010
Authorized by:
William Sederburg, Commissioner
Additional Information
The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at http://www.rules.utah.gov/publicat/bull-pdf/2010/b20100501.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version.
For questions regarding the content or application of this rule, please contact Ronell Crossley at the above address, by phone at 801-321-7291, by FAX at 801-321-7299, or by Internet E-mail at rcrossley@utahsbr.edu. For questions about the rulemaking process, please contact the Division of Administrative Rules.