Every school and lender participating in the Federal Family Education Loan program administered by the California Student Aid Commission shall be reviewed on a regular basis as provided in 34 CFR Part 682 by the California Student Aid Commission or its designee. In addition, the California Student Aid Commission may require self-certified audits of both schools and lenders participating in the program.

Note: Authority cited: Section 69763, Education Code. Reference: 34 CFR 682.410(c).

History

1. New section filed 6-24-97; operative 6-24-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 26).