Source: https://www.law.cornell.edu/uscode/text/20/1087gg?qt-us_code_tabs=1
Timestamp: 2015-07-30 06:46:31
Document Index: 285006559

Matched Legal Cases: ['§ 1087', '§ 1087', '§ 1087', '§ 467', '§ 405', '§ 467', '§ 467', '§ 405', '§ 467', '§ 5', '§ 445', '§ 1391', '§ 16029', '§ 467']

20 U.S. Code § 1087gg - Collection of defaulted loans: Perkins Loan Revolving Fund | LII / Legal Information Institute
U.S. Code › Title 20 › Chapter 28 › Subchapter IV › Part D › § 1087gg 20 U.S. Code § 1087gg - Collection of defaulted loans: Perkins Loan Revolving Fund
Authority of Secretary to collect referred, transferred, or assigned loans With respect to any loan—
which was made under this part, and
which is referred, transferred, or assigned to the Secretary by an institution with an agreement under section 1087cc
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.
Collection of referred, transferred, or assigned loans The Secretary shall continue to attempt to collect any loan referred, transferred, or assigned under paragraph (4) or (5) of section 1087cc
(a) of this title until all appropriate collection efforts, as determined by the Secretary, have been expended.
(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.)
A prior section 1087gg,Pub. L. 89–329, title IV, § 467, as added Pub. L. 96–49, § 5(d)(3)(A),Aug. 13, 1979, 93 Stat. 352; amended Pub. L. 96–374, title IV, § 445(c), title XIII, § 1391(a)(1),Oct. 3, 1980, 94 Stat. 1442, 1503; Pub. L. 99–272, title XVI, § 16029,Apr. 7, 1986, 100 Stat. 354, related to collection of defaulted loans, prior to the general revision of this part by Pub. L. 99–498.
2009—Subsec. (b). Pub. L. 111–39substituted “paragraph (4) or (5)” for “paragraph (5)(A), (5)(B)(i), or (6)”.
1998—Subsec. (c). Pub. L. 105–244struck out heading and text of subsec. (c) which established the Perkins Loan Revolving Fund and provided for deposits into and payments from the Fund.
1992—Pub. L. 102–325amended section catchline generally, inserting “: Perkins Loan Revolving Fund” after “loans” and added subsec. (c).
Amendment by Pub. L. 102–325to this section, relating to creation of Perkins Loan Revolving Fund, effective Sept. 15, 1997, see section 468(4) ofPub. L. 102–325, set out as a note under section 1087dd of this title.
Pub. L. 105–244, title IV, § 467(b),Oct. 7, 1998, 112 Stat. 1728, provided that: “Any funds in the Perkins Loan Revolving Fund on the date of enactment of this Act [Oct. 7, 1998] shall be transferred to and deposited in the Treasury.”