# 34 CFR § 682.701: Definitions of terms used in this subpart

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-34-682.701

## Section

- **Citation:** 34 CFR § 682.701
- **Heading:** Definitions of terms used in this subpart
- **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 G—Limitation, Suspension, or Termination of Lender or Third-Party Servicer Eligibility and Disqualification of Lenders

## 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 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-34-682.701. Check the current official text before relying on it. Not legal advice.