DAR File No.: 33556
Filed: 04/13/2010 03:43:56 PMNOTICE OF REVIEW AND STATEMENT OF CONTINUATION
Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:
Current federal law under 34 CFR Part 682.401(c) and Title 53B, Chapter 12, require a designated lender of last resort for the federal student loan program administered in each state.
Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:
No comments were received during the past five-year period.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
Federal law requires the continuation of this rule since a provision for a lender of last resort for students attending an institution of higher education in Utah that may request a federal student loan must be established.
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:
Regents (Board Of)
Administration
60 SOUTH 400 WEST
SALT LAKE CITY, UT 84101-1284Direct questions regarding this rule to:
- Ronell Crossley at the above address, by phone at 801-321-7291, by FAX at 801-321-7299, or by Internet E-mail at rcrossley@utahsbr.edu
Effective:
04/13/2010
Authorized by:
William Sederburg, Commissioner
Document Information
- Effective Date:
- 4/13/2010
- Publication Date:
- 05/01/2010
- Filed Date:
- 04/13/2010
- Agencies:
- Regents (Board of),Administration
- Authorized By:
- William Sederburg, Commissioner
- DAR File No.:
- 33556
- Related Chapter/Rule NO.: (1)
- R765-626. Lender-of-Last-Resort Program.