Guarantor Codes

LOUISIANA STUDENT FINANCIAL ASSISTANCE COMMISSION
OFFICE OF STUDENT FINANCIAL ASSISTANCE

LOAN PROGRAM BULLETIN

TO:
Lenders and Schools
DATE:
February 1, 2000
TOPIC:
Guarantor Codes

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.

When transmitting loan data via Common Line, Account Update File for Lenders, or the Lender Transfer File, please use the appropriate three-digit guarantor code assigned to the guarantor chosen.  For loans guaranteed by the state of Louisiana the guarantor code "722" should be entered on these files.  If the default code of "800" is used, the data will appear as unidentified or unmatched. Consequently, the file has to be corrected manually, thereby causing a delay in processing.  By using the correct guarantor codes, transactions can be processed quickly and accurately.

 

 

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