A title IV, HEA transaction includes—

1. (a) A disbursement or delivery of funds provided under a title IV, HEA program to a student or borrower;
2. (b) A certification by an educational institution of eligibility for a loan under a title IV, HEA program;
3. (c) Guaranteeing a loan made under a title IV, HEA program; and

4. (d) The acquisition or exercise of any servicing responsibility for a grant, loan, or work study assistance under a title IV, HEA program.

   (Authority: E.O. 12549 (3 CFR 1986 Comp., p.189); E.O. 12689 (3 CFR 1989 Comp., p.235); sec. 2455, Pub. L. 103-355, 108 Stat. 3327 (31 U.S.C. 6101 note); 20 U.S.C. 1082, 1094, 1221e-3, and 3474)