1. Regulations
  2. title 34
  3. chapter VI-i1
  4. part 681
  5. subpart C
  6. § 681.16

View all text of Subpart C [§ 681.10 - § 681.21]

§ 681.16 - Power of attorney.

Neither a lender nor a school may obtain a borrower's power of attorney or other authorization to endorse a disbursement check on behalf of a borrower. The borrower must personally endorse the check and may not authorize anyone else to endorse it on his or her behalf.

AUTHORITY: Sec. 215, Pub. L. 78-410, 58 Stat. 690, as amended, 63 Stat. 35 (42 U.S.C. 216); secs. 727-739A, Pub. L. 78-410, 90 Stat. 2243, as amended, 93 Stat. 582, 99 Stat. 529-532, 102 Stat. 3122-3125 (42 U.S.C. 294-294

SOURCE: 82 FR 53378, Nov. 15, 2017, unless otherwise noted.

CITE AS: 34 CFR 681.16