(3) If a Check out despatched to some college student or father or mother isn't returned towards the establishment but is not cashed, the institution need to return the funds on the Secretary no later on than 240 times after the date it issued the Test.
(one) Beneath the reimbursement payment technique, an establishment must credit rating a college student's ledger account for the quantity of title IV, HEA program funds that the student or guardian is qualified to get, and pay out the amount of any credit history balance because of below § 668.164(h), before the establishment seeks reimbursement through the Secretary for anyone disbursements.
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(B) Provides a method for just a student to acquire Individuals publications and materials via the seventh working day of the payment period of time; and
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(xi) When the establishment enters into an arrangement to the cobranding of the fiscal account With all the establishment's name, symbol, mascot, or other affiliation but maintains that the account will not be marketed principally to its enrolled college students and is not or else promoted immediately throughout the which means of paragraph (f)(three) of this area, the establishment need to retain the cobranding agreement and other documentation it believes establishes that the account just isn't promoted straight to its enrolled learners, such as documentation the cobranded economic account or entry device is offered usually to the public.
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) Will have to record and identify the main functions and frequently assessed expenses affiliated with Every single money account available underneath the preparations described in paragraphs (e) and (f) of the part, in addition to a URL with the conditions and terms of every account. For each account, if an establishment by July one, 2017 follows the format, content material, and update specifications specified with the Secretary in the recognize printed within the Federal Sign up pursuing consultation Using the Bureau of Consumer Economic Protection, It will likely be in compliance with the necessities of this paragraph with regard to the main features and assessed service fees related to the account; and