20 U.S.C. § 1087–4: Discrimination in…

Summary

The Student Loan Marketing Association, and if it becomes private any successor that runs the secondary market for these loans (including the Holding Company), must not, directly or indirectly, use any repeated actions that keep a borrower from getting loans covered by this part. It is illegal to deny access because of things like race, sex, color, religion, national origin, age, disability, income, the particular eligible school attended, how long the education program is, or the borrower’s academic year.

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.

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.

§1087–4 Discrimination in Secondary Markets Prohibited

Summary

Title 20, §1087–4

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

Citations & Metadata