New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 8. Education Department |
Chapter XX. Higher Education Services Corporation |
Subchapter D. The New York Higher Education Loan Program (NYHELPs) |
Part 2213. The New York Higher Education Loan Program (NYHELPs) |
Sec. 2213.21. Due diligence for program loan delinquency
Latest version.
- Holders, or entities servicing program loans, shall perform required due diligence activities against a borrower and cosigner as determined by the corporation and set forth in the program’s default avoidance and claim manual, and with respect to program loans that are otherwise eligible for purchase by a public benefit corporation as approved by such public benefit corporation.