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20 U.S.C. § 1087–4Discrimination in secondary markets prohibited

submitted 30 years ago by Pub. L. 89-329 to r/title-20-EDUCATION · 99 words · no verdicts yet

in plain englishAI-generated · not legal advice

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 actual law source: uscode.house.gov ↗public domain

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.)

history & why it existsrecord from the source credit
  • 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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