AGENCY: Board of Regents (Utah). Higher Education Assistance Authority

SERIES: 12493
TITLE: Student loan default requests and cures
DATES: 1991-
ARRANGEMENT: Chronological by date received, thereunder by request date.

DESCRIPTION: Pre-claims Assistance (PCA) Requests (notification from a loan lender/servicer that a loan is delinquent) and cures (notification that the loan is no longer delinquent). Information includes borrower's name, social security number, and information pertaining to the delinquency or reason PCA is cured.

RETENTION

Retain for 25 year(s)

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 12/1993

FORMAT MANAGEMENT

Paper: Retain in Office for 2 years and then transfer to State Records Center. Retain in State Records Center for 23 years and then destroy.

APPRAISAL

Administrative Fiscal Legal

This disposition is based on 34 CFR 682.414, which states that loan information must be retained "for at least 5 years after the loan is paid in full or has been determined to be uncollectable." The administrative need is due to possible loan deferments which could extend the payment period.

PRIMARY DESIGNATION

Exempt. Family Education Rights Privacy (FERPA) 34 CFR 99.

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