Deactivated Lenders

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN

TO:
Lenders and Schools
DATE:
March 6, 1997
TOPIC:
Deactivated Lenders

 

To assure that your Common Manual remains current, please record this document on your LPM/LPB Index, and retain it in Appendix E of your manual.

 Effective February 20, 1997, the U.S. Department of Education (the Department) deactivated the following lenders for failure to file a Lender's Interest and Special Allowance Request and Report (ED Form 799) within the last two quarters:

805090 Hibernia National Bank-LAICU
805127 Kaplan State Bank, Kaplan
822027 VAC Federal Credit Union, Shreveport
830821 St. Mary Bank & Trust, Franklin

FFELP loans may not be guaranteed for deactivated lenders, and LOSFA will not pay default claims for loans on which origination fees have not been paid. Lenders with questions about their deactivation should contact the Department at the following location:

USDE Interest Payment Processing Center
P. O. Box 4134
Greenville, TX 75403-4134

Telephone 903 408-4551

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