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(two) If an EFT to some university student's or mother or father's financial account is rejected, or even a Test to the pupil or mum or dad is returned, the establishment may possibly make extra tries to disburse the resources, supplied that All those attempts are created not later on than forty five times after the EFT was turned down or maybe the Test returned.
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(ii) Properly determined the amount of title IV, HEA system cash disbursed, such as the quantity paid out directly to the coed or mum or dad; and
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(xi) In case the institution enters into an arrangement for your cobranding of a monetary account While using the institution's identify, emblem, mascot, or other affiliation but maintains the account is not marketed principally to its enrolled learners and is not in any other case promoted straight in the this means of paragraph (file)(3) of this part, the establishment need to retain the cobranding agreement as well as other documentation it believes establishes that the account isn't promoted straight to its enrolled students, which include documentation which the cobranded economic account or entry system is obtainable generally to the public.
(i) Affirmative affirmation is website actually a procedure under which an establishment obtains penned affirmation of the categories and quantities of title IV, HEA system loans that a college student desires for that duration of enrollment prior to the institution credits the coed's account with Individuals loan money.
(ix) Make certain that the terms with the accounts presented pursuant to some T1 arrangement aren't inconsistent with the ideal financial passions of The scholars opening them. The Secretary considers this necessity to generally be fulfilled if—
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