# 34 CFR § 682.400: Agreements between a guaranty agency and the Secretary

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-34-682.400

## Section

- **Citation:** 34 CFR § 682.400
- **Heading:** Agreements between a guaranty agency and the Secretary
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 34—Education > Subtitle B—Regulations of the Offices of the Department of 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

## 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 CFR § 682.100 § 682.100 The Federal Family Education Loan programs.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.100.md)
- [34 CFR § 682.101 § 682.101 Participation in the FFEL programs.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.101.md)
- [34 CFR § 682.102 § 682.102 Repaying a loan.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.102.md)
- [34 CFR § 682.103 § 682.103 Applicability of subparts.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.103.md)
- [34 CFR § 682.200 § 682.200 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.200.md)
- [34 CFR § 682.201 § 682.201 Eligible borrowers.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.201.md)
- [34 CFR § 682.202 § 682.202 Permissible charges by lenders to borrowers.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.202.md)
- [34 CFR § 682.203 § 682.203 Responsible parties.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.203.md)
- [34 CFR § 682.204 § 682.204 Maximum loan amounts.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.204.md)
- [34 CFR § 682.205 § 682.205 Disclosure requirements for lenders.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.205.md)
- [34 CFR § 682.208 § 682.208 Due diligence in servicing a loan.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.208.md)
- [34 CFR § 682.209 § 682.209 Repayment of a loan.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.209.md)
- [34 CFR § 682.210 § 682.210 Deferment.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.210.md)
- [34 CFR § 682.211 § 682.211 Forbearance.](https://www.frixlaw.com/law-library/statutes/ecfr-34-682.211.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-34-682.400. Check the current official text before relying on it. Not legal advice.