# 34 C.F.R. § 682.702 (2026): Effect on participation

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T34_P682_S682_702

## Section

- **Citation:** 34 C.F.R. § 682.702 (2026)
- **Heading:** Effect on participation
- **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 / § 682.702: § 682.702   Effect on participation.

## Text

(a) Limitation, suspension, or termination proceedings by the Secretary do not affect a lender's responsibilities or rights to benefits and claim payments that are based on the lender's prior participation in the program, except as provided in § 682.709.
(b) A limitation imposes on a lender—
(1) A limit on the number or total amount of loans that a lender may purchase or hold under the FFEL Program; or
(2) Other reasonable requirements or conditions, including those described in § 682.709.
(c) A limitation imposes on a third-party servicer—
(1) A limit on the number of loans or accounts or total amount of loans that the servicer may service;
(2) A limit on the number of loans or accounts or total amount of loans that the servicer is administering under its contract with a lender or guaranty agency; or
(3) Other reasonable requirements or conditions, including those described in § 682.709.
(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_702. Check the current official text before relying on it. Not legal advice.