# 34 C.F.R. § 682.701 (2026): Definitions of terms used in this subpart

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_701

## Section

- **Citation:** 34 C.F.R. § 682.701 (2026)
- **Heading:** Definitions of terms used in this subpart
- **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 G: Limitation, Suspension, or Termination of Lender or Third-Party Servicer Eligibility and Disqualification of Lenders / § 682.701: § 682.701   Definitions of terms used in this subpart.

## Text

The following definitions apply to terms used in this subpart:
Designated Departmental Official:
An official of the Department of Education to whom the Secretary has delegated the responsibility for initiating and pursuing disqualification or limitation, suspension, or termination proceedings.
Disqualification.
The removal of a lender's eligibility for an indefinite period of time by the Secretary on review of limitation, suspension, or termination action taken against the lender by a guaranty agency.
Limitation.
The continuation of a lender's or third-party servicer's eligibility subject to compliance with special conditions established by agreement with the Secretary or a guaranty agency, as applicable, or imposed as the result of a limitation or termination proceeding.
Suspension.
The removal of a lender's eligibility, or a third-party servicer's eligibility to contract with a lender or guaranty agency, for a specified period of time or until the lender or servicer fulfills certain requirements.
Termination.
(1) The removal of a lender's eligibility for an indefinite period of time—
(i) By a guaranty agency; or
(ii) By the Secretary, based on an action taken by the Secretary, or a designated Departmental official under § 682.706; or
(2) The removal of a third-party servicer's eligibility to contract with a lender or guaranty agency for an indefinite period of time by the Secretary based on an action taken by the Secretary, or a designated Departmental official under § 682.706.
(Authority: 20 U.S.C. 1080, 1082, 1085, 1094)
[57 FR 60323, Dec. 18, 1992, as amended at 59 FR 22457, Apr. 29, 1994; 78 FR 65822, Nov. 1, 2013]

## Nearby sections

- [34 C.F.R. § 682.700 (2026) § 682.700   Purpose and scope.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_700.md)
- [34 C.F.R. § 682.701 (2026) § 682.701   Definitions of terms used in this subpart.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_701.md)
- [34 C.F.R. § 682.702 (2026) § 682.702   Effect on participation.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_702.md)
- [34 C.F.R. § 682.703 (2026) § 682.703   Informal compliance procedure.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_703.md)
- [34 C.F.R. § 682.704 (2026) § 682.704   Emergency action.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_704.md)
- [34 C.F.R. § 682.705 (2026) § 682.705   Suspension proceedings.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_705.md)
- [34 C.F.R. § 682.706 (2026) § 682.706   Limitation or termination proceedings.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_706.md)
- [34 C.F.R. § 682.707 (2026) § 682.707   Appeals in a limitation or termination proceeding.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_707.md)
- [34 C.F.R. § 682.708 (2026) § 682.708   Evidence of mailing and receipt dates.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_708.md)
- [34 C.F.R. § 682.709 (2026) § 682.709   Reimbursements, refunds, and offsets.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_709.md)
- [34 C.F.R. § 682.710 (2026) § 682.710   Removal of limitation.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_710.md)
- [34 C.F.R. § 682.711 (2026) § 682.711   Reinstatement after termination.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_711.md)
- [34 C.F.R. § 682.712 (2026) § 682.712   Disqualification review of limitation, suspension, and termination actions taken by guarantee agencies against lenders.](https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_712.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_701. Check the current official text before relying on it. Not legal advice.