An amendment to require a lender to retain for collection, for an additional 90 days, any loan that is eligible to be presented to the guaranty agency for reimbursement.

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Amendment Number
472
Description
An amendment to require a lender to retain for collection, for an additional 90 days, any loan that is eligible to be presented to the guaranty agency for reimbursement.
Purpose
Amendment sought to require a lender to wait an additional 90 days after a loan is declared to be in default before it may be presented to the guaranty agency for reimbursement.
Congress
102
Type
HAMDT
Latest Action Date
Mar 26, 1992
Latest Action Text
By unanimous consent, the Kasich amendment was withdrawn.
Latest Action Time
17:09:40
Submitted Date
Mar 26, 1992
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 472 — Informed