Limitation, Suspension, or Termination of School or Lender Participation | Midpage

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Michigan Administrative Code

Student Financial Services Board

Guaranteed Loan Program

Part 7

Limitation, Suspension, or Termination of School or Lender Participation

390.1481Participating school standard of care; effect of failure to properly administer programs; effect of conviction or guilty plea of school owner or chief executive officer for misuse of loan funds.390.1482Emergency action to stop issuance of commitments.390.1483Lender limitation, suspension, or termination proceedings; effect.390.1484Participating school limitation, suspension, or termination; effect.390.1485Notice of limitation, suspension, or termination proceeding.390.1486Submission of written material by lender or school; action by designated official.390.1487Hearing.390.1488Participating school; corrective action.390.1489Request for removal of limitation.390.1490Request for reinstatement of eligibility.390.1491Adoption of federal regulations by reference.