From redington at ogslp.org Tue Jun 16 08:38:05 2009 From: redington at ogslp.org (Edington, Rick) Date: Tue, 16 Jun 2009 08:38:05 -0500 Subject: [Lender] ECASLA Electronic Announcement #65 - Live Internet Webinar on ED's 2009-2010 Loan Purchase Programs Message-ID: <297AF473E6053445A2007FAB9E8BCACF80B3B1@elgar.lan.ogslp.org> ED has announced a Webinar regarding the Department's plans to purchase FFEL Program loans and Participation Interests in FFEL Program loans under the provisions of the Ensuring Continued Access to Student Loans Act of 2008 (Pub. L. 110-227). The Webinar will include a review the operational procedures of the 2009-2010 Loan Purchase Programs, including the execution and submission of the Master Participation Agreement (MPA) and Master Loan Sale Agreement (MLSA). The presentation will be held on Wednesday, June 17, 2009 from 1:00 pm to 2:30 pm Central. To access the Webinar, use the following link at least 10 minutes prior to the start of the Webinar: https://event.on24.com/eventRegistration/EventLobbyServlet?target=regist ration.jsp&eventid=149225&sessionid=1&key=C3C9797A129E536C60F30A9A11DA24 9D&sourcepage=register The link to Electronic Announcement #65 is - http://federalstudentaid.ed.gov/ffelp/library/EA65.doc 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/20090616/3e404197/attachment.html From redington at ogslp.org Wed Jun 17 09:42:20 2009 From: redington at ogslp.org (Edington, Rick) Date: Wed, 17 Jun 2009 09:42:20 -0500 Subject: [Lender] ECASLA Announcement #66 - Document Submission Process for the 2009-2010 Loan Purchase Programs Message-ID: <297AF473E6053445A2007FAB9E8BCACF80B3CF@elgar.lan.ogslp.org> ED has announced that the 2009-2010 Loan Purchase Programs are considered new programs and not extensions of earlier programs. Thus, each FFEL Program lender/holder that wishes to participate in the 2009-2010 programs must execute the relevant Adoption Agreement (and other required documentation) regardless of any earlier participation in the ECASLA Loan Purchase Programs. ED has made several changes to the text of the 2009-2010 MPA and MLSA as originally posted in January 2009. The changes incorporate into the Agreements themselves interpretations of the Agreements, such as those explicitly adopted in Electronic Announcement #34, October 31, 2008 [Questions & Answers 36 - 39] and made publicly available to rating agencies evaluating lenders' financial transactions; or in other guidance from the Department. The changes are intended to clarify the rights and obligations of the parties under the agreements. To assist parties in reviewing those changes, ED is providing, as attachments to this announcement, copies of both the revised 2009-2010 Agreements (dated June 15, 2009) and redlined versions of those Agreements that show the changes made to the January 1, 2009 versions posted on January 16, 2009. Instructions are provided on the execution and submission of required 2009-2010 MPA and MLSA documents. The link to Electronic Announcement #66 is - http://federalstudentaid.ed.gov/ffelp/library/EA66.pdf 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/20090617/826d8c97/attachment.html