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

SERIES: 12629
TITLE: Guarantee volume and fee billings
DATES: 1977-
ARRANGEMENT: Chronological by fiscal year

DESCRIPTION: Billings, refunds, and cumulative guarantee volume reports for fees charged and added to the total amount of the loan by the guarantee agency and the lender for processing student loans.

RETENTION

Retain for 26 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 1 year and then transfer to State Records Center. Retain in State Records Center for 25 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

Public. UCA 63G-2-301(2)(e) (2008)

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