20 USC 1087gg - Collection of defaulted loans: Perkins Loan Revolving Fund

U.S Code last checked for updates: Nov 23, 2024

§ 1087gg.

Collection of defaulted loans: Perkins Loan Revolving Fund

(a)

Authority of Secretary to collect referred, transferred, or assigned loans

With respect to any loan—

(1)

which was made under this part, and

(2)

which is referred, transferred, or assigned to the Secretary by an institution with an agreement under section 1087cc(a) of this title,

the Secretary is authorized to attempt to collect such loan by any means authorized by law for collecting claims of the United States (including referral to the Attorney General for litigation) and under such terms and conditions as the Secretary may prescribe, including reimbursement for expenses reasonably incurred in attempting such collection.

(b)

Collection of referred, transferred, or assigned loans

(Pub. L. 89–329, title IV, § 467, as added Pub. L. 99–498, title IV, § 405(a), Oct. 17, 1986, 100 Stat. 1453; amended Pub. L. 102–325, title IV, § 467, July 23, 1992, 106 Stat. 584; Pub. L. 105–244, title IV, § 467(a), Oct. 7, 1998, 112 Stat. 1728; Pub. L. 111–39, title IV, § 405(6), July 1, 2009, 123 Stat. 1947.)

cite as: 20 USC 1087gg