On standard of the college student borrower into the people loan covered by Government loan insurance pursuant to this part, and you may ahead of the commencement from suit or other enforcement process up on shelter for this financing, the insurance beneficiary should timely alert the fresh new Secretary, plus the Secretary’s very own actions, in case the insurance policy is nonetheless in effect, spend into the recipient the amount of losing supported by the fresh covered up on a loan the moment one to matter provides already been determined. This new number of the loss on the one mortgage will, into the reason for so it subsection and you may subsection (b), become deemed to get a cost comparable to this new unpaid equilibrium of your own dominant matter and you may accrued appeal, along with attention accruing regarding the go out out-of submitting away from a valid Secretary) into the date on what fee is actually authorized by the Secretary, less on the extent required by point 1075(b) on the label. Celý příspěvek →