Deactivated Lenders |
LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
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TO: |
Lenders and Schools |
DATE: |
December 29, 1998 |
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 November 20, 1998, 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:
805073 ArgentBank, Thibodaux
825245 Alexandria USDA Federal Credit Union, Pineville
833378 The Bank, Jennings
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 75403-4134Telephone 903 408-4551