preferred lender arrangement
Defined in 1 dictionary — U.S. Code
United States Code
20 U.S.C. § 1094 — under this subchapter
The term “preferred lender arrangement” has the meaning given the term in section 1019 of this title.
20 U.S.C. § 1019 — in this part (3 versions over time)
The term “preferred lender arrangement”—
(A) means an arrangement or agreement between a lender and a covered institution or an institution-affiliated organization of such covered institution—
(i) under which a lender provides or otherwise issues education loans to the students attending such covered institution or the families of such students; and
(ii) that relates to such covered institution or such institution-affiliated organization recommending, promoting, or endorsing the education loan products of the lender; and
(B) does not include—
(i) arrangements or agreements with respect to loans under part D of subchapter IV; or
(ii) arrangements or agreements with respect to loans that originate through the auction pilot program under section 1099d(b) of this title.