From kkelnar at ogslp.org Thu Apr 2 09:21:32 2009 From: kkelnar at ogslp.org (Kelnar, Kelli) Date: Thu, 2 Apr 2009 09:21:32 -0500 Subject: [Lender] OASFAA Registration Message-ID: <4DBFFBDDB31CC9478D80306664172CFDA42E17@elgar.lan.ogslp.org> Good Morning, Just wanted to remind you the deadline to register for the upcoming OASFAA Conference is next Wednesday, April 8. If you still need to register, you may do so by visiting this website: www.oasfaaok.com. All registrations received as of today are shown on the two spreadsheets attached. One provides the names of the exhibitors and the other lists corporate individual registrations. Please review to make sure your information is accurate. If you thought you'd registered, but don't find your name or organization on the list, or if you have any items that should be corrected, please let me know. The theme for this year's conference will be "Stayin' Alive" and the program committee has planned a dy-no-mite program that will provide you with valuable training as we all try to "stay alive" in our ever changing environment. You won't want to miss the groovy trip back to the seventies to boogie your Thursday night away! Make plans now to pull out your disco shoes, go-go boots and polyester best as the entertainment committee prepares for "Thursday Night Fever" with DJ Anthony Spano spinning the tunes. We will have some great giveaways so your 70's fashions and dance moves will not go unrecognized! Conference registration will begin at 10:00 a.m. on Wednesday, April 15th, and the conference will start at 1:00 p.m. Please note there will be no lunch served on Wednesday before the conference. Exhibitors may begin setting up displays Tuesday evening after 5:00 p.m. or anytime after 8:00 a.m. on Wednesday. Teardown will begin after the final break Thursday afternoon. If you wish to view the conference agenda please check out our website at www.oasfaaok.com. If you have questions or need assistance, please let me know. I hope to see you at the conference! Kelli Kelnar OASFAA Corporate Relations Chair OGSLP 405-234-4313 Phone 405-234-4547 Fax kkelnar at ogslp.org Note: This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately, delete this communication from your system. P Please consider the environment before printing this email -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090402/5313927f/attachment-0001.html -------------- next part -------------- A non-text attachment was scrubbed... Name: Exhibitors 4-2.xls Type: application/vnd.ms-excel Size: 26112 bytes Desc: Exhibitors 4-2.xls Url : http://lists.onenet.net/pipermail/lender/attachments/20090402/5313927f/attachment-0002.xls -------------- next part -------------- A non-text attachment was scrubbed... Name: Corporate Individuals 4-2.xls Type: application/vnd.ms-excel Size: 32768 bytes Desc: Corporate Individuals 4-2.xls Url : http://lists.onenet.net/pipermail/lender/attachments/20090402/5313927f/attachment-0003.xls From KBrezny at osla.org Thu Apr 2 13:35:38 2009 From: KBrezny at osla.org (Kay Brezny) Date: Thu, 02 Apr 2009 13:35:38 -0500 Subject: [Lender] OLAC Meeting Message-ID: Hello OLAC Members, Please check your calendars and plan to attend an OLAC meeting Friday, April 10 from 2 - 4 p.m. at OGSLP. We'll discuss the upcoming OASFAA conference and other items. Please reply to me at the following link if you can come to the meeting. Thanks! kbrezny at osla.org Kay Brezny Oklahoma Student Loan Authority 525 Central Park Drive Ste. 600 (ZIP 73105-1706) P.O. Box 18145 Oklahoma City, OK 73154-0145 405/556-9295 405/415-4495 (FAX) OSLA provides affordable student loans and exceptional customer service. Visit our Web site at osla.org -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090402/abd91809/attachment.html From mheid at ogslp.org Mon Apr 6 12:51:05 2009 From: mheid at ogslp.org (Heid, Mary) Date: Mon, 6 Apr 2009 12:51:05 -0500 Subject: [Lender] Dear Colleague Letter FP-09-03 on the completion of Loan Verification Certificates Message-ID: Dear Colleagues, The U.S. Department of Education (ED) posted Dear Colleague Letter (DCL) FP-09-03 on the completion of Loan Verification Certificates (LVCs) on April 3, 2009. This DCL provides updated guidance to FFEL Program loan holders regarding the completion and return of LVCs in connection with a borrower's application to consolidate a single FFEL Program consolidation loan into a new Federal Direct Consolidation loan. Except in the case of a joint FFEL consolidation loan, a loan holder may not refuse to complete and return an LVC for a borrower who has applied to consolidate into the Direct Loan Program based solely on the fact that the only loan to be consolidated is a single FFEL Program consolidation loan. Additional information can be found in the DCL - http://www.ifap.ed.gov/dpcletters/FP0903.html If you have questions regarding the DCL, please contact Policy, Compliance, and Training or (405) 234-4432. Best Regards, Mary Heid Director for Policy, Compliance, & Training Oklahoma Guaranteed Student Loan Program (405) 234-4489 phone (405) 234-4582 fax TTY 1-800-522-8506 > Note: This communication and attachments, if any, are intended solely > for the use of the addressee hereof. In addition, this information and > attachments, if any, may contain information that is confidential, > privileged and exempt from disclosure under applicable law including, > but not limited to, the Privacy Act of 1974. If you are not the > intended recipient of this information, you are prohibited from > reading, disclosing, reproducing, distributing, disseminating, or > otherwise using this information. If you have received this message in > error, please promptly notify the sender and immediately delete this > communication from your system. > > > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090406/4bb23230/attachment.html From redington at ogslp.org Tue Apr 7 13:56:42 2009 From: redington at ogslp.org (Edington, Rick) Date: Tue, 7 Apr 2009 13:56:42 -0500 Subject: [Lender] FW: ABCP Conduit Program Documents for Industry Distribution Message-ID: <297AF473E6053445A2007FAB9E8BCACF80AF5E@elgar.lan.ogslp.org> For those of you who are interested, attached are final form documents for the ABCP Conduit Program. Let me know if you have any questions. Rick -----Original Message----- From: Mowdy, Mary Sent: Tuesday, April 07, 2009 7:30 AM To: Edington, Rick Subject: FW: Documents for Industry Distribution -----Original Message----- From: SAF Issuer [mailto:SAF.issuer at bmo.com] Sent: Monday, April 06, 2009 6:53 PM To: SAF Issuer Subject: Documents for Industry Distribution Please find attached the final form documents of the form Purchase Agreements, together with changed pages marked against the prior drafts distributed to the Industry on 4/01. Best Regards, Judd P. Deppisch, CFA BMO Capital Markets (312) 461 5107 -------------- next part -------------- A non-text attachment was scrubbed... Name: Form of Student Loan Purchase Agreement.doc Type: application/msword Size: 383488 bytes Desc: Form of Student Loan Purchase Agreement.doc Url : http://lists.onenet.net/pipermail/lender/attachments/20090407/80041b90/attachment-0002.doc -------------- next part -------------- A non-text attachment was scrubbed... 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Name: ATT38051.txt Url: http://lists.onenet.net/pipermail/lender/attachments/20090407/80041b90/attachment-0001.txt From redington at ogslp.org Tue Apr 7 13:56:42 2009 From: redington at ogslp.org (Edington, Rick) Date: Tue, 7 Apr 2009 13:56:42 -0500 Subject: [Lender] FW: ABCP Conduit Program Documents for Industry Distribution Message-ID: <297AF473E6053445A2007FAB9E8BCACF80AF5E@elgar.lan.ogslp.org> For those of you who are interested, attached are final form documents for the ABCP Conduit Program. Let me know if you have any questions. Rick -----Original Message----- From: Mowdy, Mary Sent: Tuesday, April 07, 2009 7:30 AM To: Edington, Rick Subject: FW: Documents for Industry Distribution -----Original Message----- From: SAF Issuer [mailto:SAF.issuer at bmo.com] Sent: Monday, April 06, 2009 6:53 PM To: SAF Issuer Subject: Documents for Industry Distribution Please find attached the final form documents of the form Purchase Agreements, together with changed pages marked against the prior drafts distributed to the Industry on 4/01. Best Regards, Judd P. Deppisch, CFA BMO Capital Markets (312) 461 5107 -------------- next part -------------- A non-text attachment was scrubbed... Name: Form of Student Loan Purchase Agreement.doc Type: application/msword Size: 383488 bytes Desc: Form of Student Loan Purchase Agreement.doc Url : http://lists.onenet.net/pipermail/lender/attachments/20090407/80041b90/attachment-0006.doc -------------- next part -------------- A non-text attachment was scrubbed... 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Name: ATT38051.txt Url: http://lists.onenet.net/pipermail/lender/attachments/20090407/80041b90/attachment-0003.txt From redington at ogslp.org Tue Apr 7 13:56:42 2009 From: redington at ogslp.org (Edington, Rick) Date: Tue, 7 Apr 2009 13:56:42 -0500 Subject: [Lender] FW: ABCP Conduit Program Documents for Industry Distribution Message-ID: <297AF473E6053445A2007FAB9E8BCACF80AF5E@elgar.lan.ogslp.org> For those of you who are interested, attached are final form documents for the ABCP Conduit Program. Let me know if you have any questions. Rick -----Original Message----- From: Mowdy, Mary Sent: Tuesday, April 07, 2009 7:30 AM To: Edington, Rick Subject: FW: Documents for Industry Distribution -----Original Message----- From: SAF Issuer [mailto:SAF.issuer at bmo.com] Sent: Monday, April 06, 2009 6:53 PM To: SAF Issuer Subject: Documents for Industry Distribution Please find attached the final form documents of the form Purchase Agreements, together with changed pages marked against the prior drafts distributed to the Industry on 4/01. Best Regards, Judd P. Deppisch, CFA BMO Capital Markets (312) 461 5107 -------------- next part -------------- A non-text attachment was scrubbed... Name: Form of Student Loan Purchase Agreement.doc Type: application/msword Size: 383488 bytes Desc: Form of Student Loan Purchase Agreement.doc Url : http://lists.onenet.net/pipermail/lender/attachments/20090407/80041b90/attachment-0010.doc -------------- next part -------------- A non-text attachment was scrubbed... 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Name: ATT38051.txt Url: http://lists.onenet.net/pipermail/lender/attachments/20090407/80041b90/attachment-0005.txt From redington at ogslp.org Wed Apr 8 09:44:38 2009 From: redington at ogslp.org (Edington, Rick) Date: Wed, 8 Apr 2009 09:44:38 -0500 Subject: [Lender] FW: 4-6-09 Conduit Industry Document Distribution: Resending Message-ID: <297AF473E6053445A2007FAB9E8BCACF80AF6B@elgar.lan.ogslp.org> FYI- these are the same documents distributed yesterday but in a ZIP file to ensure receipt by all intended recipients. Rick ________________________________ From: Mowdy, Mary Sent: Wednesday, April 08, 2009 9:41 AM To: Edington, Rick Subject: FW: 4-6-09 Industry Document Distribution: Resending Importance: High ________________________________ From: SAF Issuer [mailto:SAF.issuer at bmo.com] Sent: Wednesday, April 08, 2009 9:03 AM To: SAF Issuer Subject: 4-6-09 Industry Document Distribution: Resending Please find attached the final form documents of the form Purchase Agreements, together with changed pages marked against the prior drafts distributed to the Industry on 4/01. These documents are the same as those distributed on 4/6/09; its come to our attention that email size constraints may have limited receipt for some, so we are resending in the attached ZIP file. We apologize for any inconvenience. Best Regards, Judd P. Deppisch, CFA BMO Capital Markets (312) 461 5107 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090408/105cce80/attachment-0001.html -------------- next part -------------- A non-text attachment was scrubbed... Name: 4-6-09 Docs - Industry Distribution.zip Type: application/x-zip-compressed Size: 850704 bytes Desc: 4-6-09 Docs - Industry Distribution.zip Url : http://lists.onenet.net/pipermail/lender/attachments/20090408/105cce80/attachment-0001.bin -------------- next part -------------- An embedded and charset-unspecified text was scrubbed... Name: ATT57672.txt Url: http://lists.onenet.net/pipermail/lender/attachments/20090408/105cce80/attachment-0001.txt From kkelnar at ogslp.org Wed Apr 8 11:11:20 2009 From: kkelnar at ogslp.org (Kelnar, Kelli) Date: Wed, 8 Apr 2009 11:11:20 -0500 Subject: [Lender] OASFAA Registrations Message-ID: <4DBFFBDDB31CC9478D80306664172CFDA42EE5@elgar.lan.ogslp.org> Good Morning, Just a quick reminder that today is the deadline to register for the OASFAA Conference. I have attached the most recent list of registrants and exhibitors. Please review to make sure your information is accurate. If you see anything that should be changed, please let me know. I look forward to seeing you all next Wednesday at the conference. Thanks for your participation! Kelli Kelnar OASFAA Corporate Relations Chair OGSLP 405-234-4313 kkelnar at ogslp.org Note: This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately, delete this communication from your system. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090408/74904a82/attachment-0001.html -------------- next part -------------- A non-text attachment was scrubbed... Name: Exhibitors 4-8.xls Type: application/vnd.ms-excel Size: 26624 bytes Desc: Exhibitors 4-8.xls Url : http://lists.onenet.net/pipermail/lender/attachments/20090408/74904a82/attachment-0002.xls -------------- next part -------------- A non-text attachment was scrubbed... Name: Corporate Individuals 4-8-09.xls Type: application/vnd.ms-excel Size: 36352 bytes Desc: Corporate Individuals 4-8-09.xls Url : http://lists.onenet.net/pipermail/lender/attachments/20090408/74904a82/attachment-0003.xls From redington at ogslp.org Thu Apr 9 16:02:20 2009 From: redington at ogslp.org (Edington, Rick) Date: Thu, 9 Apr 2009 16:02:20 -0500 Subject: [Lender] FW: ABCP Conduit Program- Transaction Manual and Documentation Checklists Message-ID: <297AF473E6053445A2007FAB9E8BCACF80AF91@elgar.lan.ogslp.org> Attached is a Transaction Manual and form of closing checklist to be used in conjunction with the ABCP Conduit Program. <> Rick From: SAF Issuer [mailto:SAF.issuer at bmo.com] Sent: Wednesday, April 08, 2009 5:27 PM To: SAF Issuer Subject: Transaction Manual and documentation checklists Please find attached a Transaction Manual and form of closing checklists. The documentation continues to be the ultimate governing source and the attached are not intended in any way to replace such documentation, but to serve as an aid in conjunction with review of Straight-A Funding. We look forward to working with all of you on this important program. Best regards, Judd P. Deppisch, CFA BMO Capital Markets (312) 461 5107 ------------------------------------------------------------------------ ------------------------------------------ Rick Edington Director for School/Lender Services, Default Prevention & Outreach Oklahoma Guaranteed Student Loan Program A division of the Oklahoma State Regents for Higher Education P.O. Box 3000 Oklahoma City, OK 73101-3000 405-234-4333 fax: 405-234-4551 Note: This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law including, but not limited to, the Privacy Act of 1974. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately delete this communication from your system. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090409/d0c6e7fe/attachment-0001.html -------------- next part -------------- A non-text attachment was scrubbed... Name: transaction manual and checklists.zip Type: application/x-zip-compressed Size: 329033 bytes Desc: transaction manual and checklists.zip Url : http://lists.onenet.net/pipermail/lender/attachments/20090409/d0c6e7fe/attachment-0001.bin From KBrezny at osla.org Mon Apr 13 16:17:16 2009 From: KBrezny at osla.org (Kay Brezny) Date: Mon, 13 Apr 2009 16:17:16 -0500 Subject: [Lender] OLAC Updates Message-ID: Hello--we had a good OLAC meeting Friday afternoon and the minutes are attached for your review. Noteworthy is the decision to make our dues $0 for this year. We hope this will keep all of us involved during a tight budget year! Remember that OLAC will have a booth at the OASFAA conference this week. The purpose is to make the FFELP community visible. The proposed staffers are on the 2nd attachment. Each OLAC member is asked to bring 100 pens as giveaways. The 3rd attachment is an OLAC flyer for the participants to pick up at our booth. Please let me know if you have changes to the overview sheet. Looking forward to seeing you Wednesday! Kay Brezny Oklahoma Student Loan Authority 525 Central Park Drive Ste. 600 (ZIP 73105-1706) P.O. Box 18145 Oklahoma City, OK 73154-0145 405/556-9295 405/415-4495 (FAX) OSLA provides affordable student loans and exceptional customer service. Visit our Web site at osla.org -------------- next part -------------- A non-text attachment was scrubbed... Name: OLAC minutes.doc Type: application/msword Size: 152064 bytes Desc: OLAC minutes.doc Url : http://lists.onenet.net/pipermail/lender/attachments/20090413/2c49b767/attachment-0003.doc -------------- next part -------------- A non-text attachment was scrubbed... Name: Booth Duty.doc Type: application/msword Size: 35328 bytes Desc: Booth Duty.doc Url : http://lists.onenet.net/pipermail/lender/attachments/20090413/2c49b767/attachment-0004.doc -------------- next part -------------- A non-text attachment was scrubbed... Name: OLAC Overview Sheet.doc Type: application/msword Size: 162304 bytes Desc: OLAC Overview Sheet.doc Url : http://lists.onenet.net/pipermail/lender/attachments/20090413/2c49b767/attachment-0005.doc From redington at ogslp.org Fri Apr 17 13:57:35 2009 From: redington at ogslp.org (Edington, Rick) Date: Fri, 17 Apr 2009 13:57:35 -0500 Subject: [Lender] Importance of Filing Notice of Intent to Participate in 2009-2010 Loan Purchase Programs Prior to May 1, 2009 Message-ID: <297AF473E6053445A2007FAB9E8BCACF80AFF5@elgar.lan.ogslp.org> In order to preserve the right to participate in ED's 2009-2010 liquidity programs (Participation Purchase or Loan Purchase Commitment), lenders are required to submit a new Notice of Intent to Participate form. This requirement applies to all interested lenders, regardless of past participation in the programs. To ensure that all 2009-2010 loans are eligible for inclusion, lenders should submit their notice of intent prior to May 1, 2009. A Notice of Intent to Participate received after May 1, 2009 limits eligible loans to only those where the first disbursement date was made on/after the date ED receives the notice. Further details and submission instructions are available via the link below: http://www.federalstudentaid.ed.gov/ffelp/library/EA56.doc We will continue to keep you updated regarding these important liquidity programs. Please let me know if you have any questions. Rick Rick Edington Director for School/Lender Services, Default Prevention & Outreach Oklahoma Guaranteed Student Loan Program A division of the Oklahoma State Regents for Higher Education P.O. Box 3000 Oklahoma City, OK 73101-3000 405-234-4333 fax: 405-234-4551 Note: This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law including, but not limited to, the Privacy Act of 1974. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately delete this communication from your system. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090417/b3ba3a9b/attachment.html From acaddell at ogslp.org Mon Apr 20 10:17:14 2009 From: acaddell at ogslp.org (Caddell, Angela) Date: Mon, 20 Apr 2009 10:17:14 -0500 Subject: [Lender] Special Allowance Rates Message-ID: <297AF473E6053445A2007FAB9E8BCACF923758@elgar.lan.ogslp.org> The Department of Education (ED) has released the special allowance rates for the quarter ending March 31, 2009. Due to changing market conditions, for the period ending March 31, 2009 ED is reverting to the previous method of determining the average of the bond equivalent rates of the quotes of the 3-month commercial paper (financial) rates. For days when a rate is unavailable, ED has used the previous available rate. Therefore, for the quarter ending March 31, 2009, the average rate used to compute special allowance will be 0.74 percent. Pursuant to the Master Participation Agreement(s) under ED's loan participation purchase program for 2008-2009 loans, the 0.74 percent rate is also used to determine the Participant Yield (i.e., yield owed to ED). The calculated Participation Yield rate is available in an Ensuring Continued Access to Student Loans (ECASLA) announcement . For some loans, the special allowance rate is calculated by using the average of the bond equivalent rates of the 91-day Treasury bills as published by the Department of the Treasury. For the quarter ending March 31, 2009, the average of the rates is 0.23 percent. Click here to view ED's announcement regarding the new rates. If you have questions, please contact OGSLP's Policy, Compliance and Training department at 405.234.4432, 800.247.0420 (toll free) or pct at ogslp.org . We're here to help! ________________________________ Angela O. Caddell Director for Communications, Financial Education, and Outreach OGSLP Communications 405.234.4452 800.522.8506 (TDD/TRS) 800.247.0420 (toll-free) gslcommunications at ogslp.org www.ogslp.org Note: This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately delete this communication from your system. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090420/bf7a62bf/attachment.html From redington at ogslp.org Wed Apr 22 16:14:11 2009 From: redington at ogslp.org (Edington, Rick) Date: Wed, 22 Apr 2009 16:14:11 -0500 Subject: [Lender] Transmittal of ED Agreed Upon Procedures (AUP) Guide for the ECASLA Asset Backed Commercial Paper (ABCP) Conduit Put Program - Compliance with Selected Criteria for Putable Loans Message-ID: <297AF473E6053445A2007FAB9E8BCACF80B045@elgar.lan.ogslp.org> For those of you interested in the Asset Backed Commercial Paper (ABCP) Conduit Program, attached is the final Agreed Upon Procedures (AUP) guide. Let me know if you have any questions. Rick ________________________________ From: Mowdy, Mary Sent: Wednesday, April 22, 2009 1:47 PM To: Edington, Rick Subject: FW: Transmittal of Issued Dept. of Education Agreed Upon Procedures (AUP) Guide for the ECASLA Asset Backed Commercial Paper (ABCP) Conduit Put Program - Compliance with Selected Criteria for Putable Loans Importance: High ________________________________ From: StraightA Issuer [mailto:StraightA.Issuer at bmo.com] Sent: Wednesday, April 22, 2009 1:37 PM To: StraightA Issuer Subject: FW: Transmittal of Issued Dept. of Education Agreed Upon Procedures (AUP) Guide for the ECASLA Asset Backed Commercial Paper (ABCP) Conduit Put Program - Compliance with Selected Criteria for Putable Loans Importance: High Dear Student Loan Industry, Please find attached the Department's issuance of the final AUP guide pursuant to Straight-A documentation. Please see the verbage included from the Department below: Attached are PDF and Word versions of the U.S. Department of Education's Agreed Upon Procedures (AUP) Attestation Engagement Guide for the Ensuring Continued Access to Student Loans Act of 2008 (ECASLA) Asset-Backed Commercial Paper (ABCP) Conduit Put Program for Seller's and Eligible Direct Issuer's Compliance with Selected Criteria for Putable Loans. This Guide provides the requirements for AUP engagements for a Seller or Eligible Direct Issuer that participates in the ABCP Conduit Put Program. The Guide has been issued today, April 22, 2009. Issued engagements must completely conform to the attached final issued version of this AUP Guide. We will post this guide at our website as item C.13 at: http://www.ed.gov/about/offices/list/oig/nonfed/sfa.html Posting could take 24-48 hours. -------------- next part -------------- An HTML attachment was scrubbed... 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Name: ATT279619.txt Url: http://lists.onenet.net/pipermail/lender/attachments/20090422/984159b7/attachment-0001.txt From pct at ogslp.org Tue Apr 28 08:45:10 2009 From: pct at ogslp.org (Policy Compliance Training) Date: Tue, 28 Apr 2009 08:45:10 -0500 Subject: [Lender] Updated FFEL Claim Form and CAM Layouts, IBR Supplemental Information Form, and Implementation Guidelines Message-ID: Dear Colleagues: The FFEL Claim Form and file specifications for Common Account Maintenance (CAM) have been updated to accommodate the Income-Based Repayment plan (IBR) data elements. OGSLP encourages lenders and servicers to implement the updated Claim Form and revised CAM layouts by December 31, 2009, to support consistency and standards. Details of the changes and implementation guidelines are provided below: * Updated FFEL Claim Form, IBR Supplemental Information Form and Implementation Guidelines The National Council of Higher Education Loan Programs (NCHELP) Program Operations Committee, Default Aversion and Claim Standardization (DACS) subcommittee has updated the FFEL Claim Form which is used by lenders and servicers to request loan reimbursement from the guarantor. The Claim Form now has fields to support the reporting of the IBR plan data elements. Also, the instructions for field 41 (# Events) have been clarified. The IBR repayment option will be available for eligible borrowers on or after July 1, 2009. Lenders and servicers are encouraged to use the new form or electronic equivalent by July 1, 2009, since the new IBR data elements are required for all claims submitted on or after July 1, 2009. Because of the short timeframe to implement the new Claim Form , DACS created a supplemental form that can be submitted with the prior version of the Claim Form until the updated version has been implemented. Both the revised Claim Form and the IBR Supplemental Information form are available on the OGSLP Web site . * Updated CAM, IBR Supplemental Information Form and Implementation Guidelines To accommodate lenders and servicers who file claims electronically, the NCHELP Electronic Standards Committee General Account Maintenance Advisory Team (GAMAT) has completed and published revised specifications for CAM. CAM Record type 54, which is utilized to submit loan level claim data electronically, has been revised to include the new IBR plan fields. The new CAM layouts for the IBR plan are available from NCHELP . Because of the short timeframe to implement the new CAM file, lenders and servicers should use the IBR Supplemental Information form in addition to their normal CAM submissions until their organization can transition to the new file layouts. Please note that the revised specifications (version 1.3) include cumulative layout changes since the July 31, 2008 version. Examples of additional changes include the new deferment type codes of PD and PE. If you have questions regarding the updated Claim Form, please contact Eric Okeke, OGSLP Claims Manager, at 405.234.4342 or eokeke at ogslp.org. OGSLP Policy, Compliance and Training 405.234.4432 800.522.8506 (TDD/TRS) 800.247.0420 (toll-free) pct at ogslp.org www.ogslp.org Note: This communication and attachments, if any, are intended solely for the use of the addressee hereof. In addition, this information and attachments, if any, may contain information that is confidential, privileged and exempt from disclosure under applicable law including, but not limited to, the Privacy Act of 1974. If you are not the intended recipient of this information, you are prohibited from reading, disclosing, reproducing, distributing, disseminating, or otherwise using this information. If you have received this message in error, please promptly notify the sender and immediately delete this communication from your system. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.onenet.net/pipermail/lender/attachments/20090428/fffd192e/attachment.html