20 U.S.C. § 1087–4 — Discrimination in secondary markets prohibited
submitted 30 years ago by Pub. L. 89-329 to r/title-20-EDUCATION · 99 words · no verdicts yet
The Student Loan Marketing Association and covered successor entities may not deny borrowers access to loans under this part through a direct or indirect pattern or practice based on listed borrower or school-related characteristics.
The Student Loan Marketing Association—and, if it is privatized under section 1087–3, any successor entity functioning as a secondary market for loans under this part, including that section’s Holding Company—may not directly or indirectly engage in a pattern or practice that denies a borrower access to loans under this part because of the borrower’s race, sex, color, religion, national origin, age, disability* status, income, attendance at a particular eligible institution*, the length of the borrower’s educational program, or the borrower’s academic year at an eligible institution.
The Student Loan Marketing Association (and, if the Association is privatized under section 1087–3 of this title, any successor entity functioning as a secondary market for loans under this part, including the Holding Company described in such section) shall not engage directly or indirectly in any pattern or practice that results in a denial of a borrower’s access to loans under this part because of the borrower’s race, sex, color, religion, national origin, age, disability* status, income, attendance at a particular eligible institution*, length of the borrower’s educational program, or the borrower’s academic year at an eligible institution.
Source credit: (Pub. L. 89–329, title IV, § 440A, as added Pub. L. 104–208, div. A, title I, § 101(e) [title VI, § 604], Sept. 30, 1996, 110 Stat. 3009–233, 3009–293.)
- 1996Enacted · Pub. L. 89-329 · 110 Stat. 3009
A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-329 on 1996-09-30.
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