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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Bankruptcy Changes Reminder<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>The U.S. Bankruptcy Court has established that all creditors use a new proof of claim document (attached)<span style='color:#4CA9C5'> </span>effective for proofs of claim filed with bankruptcy courts on or after Dec. 1, 2011. OCAP recommends that all lenders should use the Official Form or one that substantially conforms to the Official Form that is available on all court websites. The lender must include a copy of the proof of claim in the claim filing packet submitted to OCAP.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>The courts now also require that the lender submit a redacted copy of the promissory note when it files the proof of claim with the court. The following excerpt from the Notice to Creditors provides additional information on the duty to redact personal information:<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>All claims (and any attachments thereto), whether submitted by mail or filed electronically, are public records that are available for ONLINE viewing by the public. To prevent identity theft and other misuse of personal information… a claim (and any attachments thereto) that contains one or more of the following types of personal identifying information must limit the disclosure of such information to: <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>1. The last 4 digits of a social security number or taxpayer identification number;<o:p></o:p></p><p class=MsoNormal>2. The year of an individual’s birth<o:p></o:p></p><p class=MsoNormal>3. A minor’s initials; and<o:p></o:p></p><p class=MsoNormal>4. The last four digits of a financial account number<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>OCAP does not require a copy of the redacted note in bankruptcy claims submitted for claim payment, but does encourage lenders to follow the new bankruptcy filing rules. Submitting the redacted promissory note to the court will ensure that the applicable loans are included in the bankruptcy action and that the guarantee is not put at risk.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>If you have questions about the use of the new proof of claim form in claim files submitted to OCAP, contact Eric Okeke, OCAP Claims Manager, at 800-442-8642, x4342.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-family:"Tahoma","sans-serif";color:gray'>Erin Stelter</span><br></b><span style='color:#999999'>Communications Specialist I<br>Oklahoma College Assistance Program (OCAP)</span><br><i> </i><i><span style='font-size:10.0pt;color:silver'>formerly known as the Oklahoma Guaranteed Student Loan Program (OGSLP)</span></i><span style='color:silver'><br></span><i><span style='font-size:9.0pt;color:silver'>an operating division of the Oklahoma State Regents for Higher Education</span></i><i><span style='font-size:9.0pt'><br></span></i><span style='color:gray'>P.O. Box 3000<br>Oklahoma City, OK 73101-3000<br>405.234.4457 (office)</span><br><u><span style='color:blue'><a href="mailto:estelter@ocap.org">estelter@ocap.org</a></span></u><br><br><span style='color:#E36C0A'><a href="http://www.ocap.org/" title="http://www.ogslp.org/"><b><span style='color:#E36C0A;text-decoration:none'>OCAP.org</span></b></a><b> </b></span><b><span style='color:black'>|</span></b> <b><span style='color:#39953B'><a href="http://www.oklahomamoneymatters.org/" title="http://www.oklahomamoneymatters.org/"><span style='color:#39953B'>OklahomaMoneyMatters.org</span></a> </span><span style='color:black'>| </span><span style='color:#4BACC6'><a href="http://www.ucango2.org/" title="http://www.ucango2.org/"><span style='color:#4BACC6'>UCanGo2.org</span></a> </span></b><o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:gray'>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.</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>