The brand new rehabilitation agreement, and that took place prior to PHEAA’s involvement about financing, try hence unimportant into the study

The brand new rehabilitation agreement, and that took place prior to PHEAA’s involvement about financing, try hence unimportant into the study

Petitioner in addition to argues, in more detail, that the treatment agreement does not be considered since a beneficial “novation” such as for example so you can “save” the “invalid financing

18. Obligations and this happen up on receipt regarding good information recommending a debtor is launch-qualified is detailed when you look at the part (e)(12), that offers thatif the lending company was informed of the a guaranty agencies or even the Secretary, otherwise gets information it thinks become reputable out of several other provider exhibiting one a current or previous borrower are entitled to a discharge less than section (e) of the part, the lending company shall instantaneously suspend any work to gather on the borrower ? [and] up-date the new borrower of the tips to own requesting a release.(emphasis additional). Read More The brand new rehabilitation agreement, and that took place prior to PHEAA’s involvement about financing, try hence unimportant into the study