Title 20 — EducationRelease 119-73
§1087–4 Discrimination in secondary markets prohibited
Title 20 › Chapter CHAPTER 28— - HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE › Subchapter SUBCHAPTER IV— - STUDENT ASSISTANCE › Part Part B— - Federal Family Education Loan Program › § 1087–4
Summary
The Student Loan Marketing Association and any successor (including the Holding Company) must not deny borrowers loans because of race, sex, religion, national origin, age, disability, income, or school or program.
Full Legal Text
Title 20, §1087–4
Education — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 1087–4, Pub. L. 89–329, title IV, § 440, as added Pub. L. 94–482, title I, § 127(a), Oct. 12, 1976, 90 Stat. 2141, provided for criminal penalties, prior to repeal by Pub. L. 96–374, title IV, § 451(b), Oct. 3, 1980, 94 Stat. 1458, eff. Oct. 1, 1980. See section 1097 of this title.
Reference
Citations & Metadata
Citation
20 U.S.C. § 1087–4
Title 20 — Education
Last Updated
Apr 6, 2026
Release point: 119-73