# 34 C.F.R. § 682.400 (2026): Agreements between a guaranty agency and the Secretary > Federal · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_400 ## Section - **Citation:** 34 C.F.R. § 682.400 (2026) - **Heading:** Agreements between a guaranty agency and the Secretary - **Jurisdiction:** Federal - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Title 34 CFR: Education / Chapter VI: OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION / Part 682: FEDERAL FAMILY EDUCATION LOAN (FFEL) PROGRAM / Subpart D: Administration of the Federal Family Education Loan Programs by a Guaranty Agency / § 682.400: § 682.400 Agreements between a guaranty agency and the Secretary. ## Text (a) The Secretary enters into agreements with a guaranty agency whose loan guarantee program meets the requirements of this subpart. The agreements enable the guaranty agency to participate in the FFEL programs and to receive the various payments and benefits related to that participation. (b) There are four agreements: (1) Basic program agreement. In order to participate in the FFEL programs, a guaranty agency must have a basic program agreement. Under this agreement— (i) Borrowers whose Stafford or Consolidation loans are guaranteed by the agency may qualify for interest benefits that are paid to the lender on the borrower's behalf under § 682.301; and (ii) Lenders under the guaranty agency program may receive special allowance payments from the Secretary and have death, disability, bankruptcy, closed school and false certification discharge claims paid by the Secretary through the guaranty agency. (2) Federal advances for claim payments agreement. A guaranty agency must have an agreement for Federal advances for claim payments to receive and use Federal advances to pay default claims. (3) Reinsurance agreement. A guaranty agency must have a reinsurance agreement to receive reimbursement from the Secretary for its losses on default claims. (4) Loan Rehabilitation Agreement. A guaranty agency must have an agreement for rehabilitating a loan for which the Secretary has made a reinsurance payment under section 428(c)(1) of the Act. (c) The Secretary's execution of an agreement does not indicate acceptance of any current or past standards or procedures used by the agency. (d) All of the agreements are subject to subsequent changes in the Act, in other applicable Federal statutes, and in regulations that apply to the FFEL programs. (Authority: 20 U.S.C. 1072, 1078-1, 1078-2, 1078-3, 1082, 1087, 1087-1) [57 FR 60323, Dec. 18, 1992, as amended at 59 FR 33353, June 28, 1994; 64 FR 18978, Apr. 16, 1999; 64 FR 58627, Oct. 29, 1999; 78 FR 65814, Nov. 1, 2013] ## Nearby sections - [34 C.F.R. § 682.400 (2026) § 682.400 Agreements between a guaranty agency and the Secretary.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_400.md) - [34 C.F.R. § 682.401 (2026) § 682.401 Basic program agreement.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_401.md) - [34 C.F.R. § 682.402 (2026) § 682.402 Death, disability, closed school, false certification, unpaid refunds, and bankruptcy payments.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_402.md) - [34 C.F.R. § 682.404 (2026) § 682.404 Federal reinsurance agreement.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_404.md) - [34 C.F.R. § 682.405 (2026) § 682.405 Loan rehabilitation agreement.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_405.md) - [34 C.F.R. § 682.406 (2026) § 682.406 Conditions for claim payments from the Federal Fund and for reinsurance coverage.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_406.md) - [34 C.F.R. § 682.407 (2026) § 682.407 Discharge of student loan indebtedness for survivors of victims of the September 11, 2001, attacks.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_407.md) - [34 C.F.R. § 682.409 (2026) § 682.409 Mandatory assignment by guaranty agencies of defaulted loans to the Secretary.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_409.md) - [34 C.F.R. § 682.410 (2026) § 682.410 Fiscal, administrative, and enforcement requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_410.md) - [34 C.F.R. § 682.411 (2026) § 682.411 Lender due diligence in collecting guaranty agency loans.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_411.md) - [34 C.F.R. § 682.412 (2026) § 682.412 Consequences of the failure of a borrower or student to establish eligibility.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_412.md) - [34 C.F.R. § 682.413 (2026) § 682.413 Remedial actions.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_413.md) - [34 C.F.R. § 682.414 (2026) § 682.414 Records, reports, and inspection requirements for guaranty agency programs.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_414.md) - [34 C.F.R. § 682.416 (2026) § 682.416 Requirements for third-party servicers and lenders contracting with third-party servicers.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_416.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_400. 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