Private Collection Agency Compliance:

The HEA further provides that credit bureaus may now report default information on a Perkins loan until the loan is repaid in full. 20 U.S.C. § 1087cc(c)(3). The HEA does not adopt specific rules for reports of Direct Loans, but provides that Direct Loans have the same terms, benefits and conditions as FFELP loans. 20 U.S.C. §1087e(a)(1). ................
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