Private Student Loan Transparency and Improvement Act
| Reviewed By | Internal Auditor Owner |
| URL: | https://www.nmu.edu/financialaid/consumer-and-safety-information |
| Regulation Reference Cite | 12 CFR 226.46 |
| Report Due Date (Actual) | N/A |
| Level | Requirement |
| Oversight Unit | FINANCIAL AID |
| Person Responsible | Greg Putra |
| Secondary Person Responsible | Heather Gustafson |
| President / VP Level | Finance |
| Description |
The Private Student Loan Transparency and Improvement Act amends the Truth in Lending Act. Universities and institutions must follow the rules and regulations pertaining to the newly amended Act. Any university-endorsed, recomended, or pormoted private loan lenders would have to be disclosed. |
| Contacts and Data Sources |
| Greg Putra and Heather Gustafson |
| Internal Notes |
| This compliance item has notes that are available internally to the oversight unit. Please contact the Risk Management Department for more information |