New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter XX - Higher Education Services Corporation
Subchapter B - Federal Family Education Loan Program
Part 2102 - Audits By The Corporation
Section 2102.2 - Audits of lenders
Universal Citation: 8 NY Comp Codes Rules and Regs ยง 2102.2
Current through Register Vol. 46, No. 39, September 25, 2024
Auditors shall be given access to all records relative to educational loans, including, but not limited to:
(a) notes evidencing loan obligations outstanding;
(b) individual educational loan ledgers and general ledger control account detail:
(1) if records are maintained on computer, a
listing of borrowers with their outstanding balances as of the end of the
previous month arranged either by application number or in alphabetical order;
or
(2) for all other records, the
educational loan ledger cards arranged either by application number or in
alphabetical order;
(c) work papers and details in support of prior interest billings;
(d) correspondence files pertaining to educational loan accounts; and
(e) a current listing of delinquent educational loans, properly aged.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
