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Setup Instructions |
AUG 1 5 1990
To: Schools, Lenders, and 'Holders Participating in the Health Education Assistance Loan (HEAL) Program
Subject: Correction to HEAL
Application (HRSA-700), Revised March 1990
School Policy Memorandum #23
Lender Policy Memorandum 90-6
We have recently been informed by the Federal Reserve Board that the Equal Credit Opportunity Act (ECOA) and Regulation B do not permit the collection of the information requested in Item 9 of the revised HEAL application, regarding the race and ethnicity of the loan applicant. To assure that we are in compliance with ECOA and Regulation B, all HEAL applicants must be told that they are not to complete this section of the application.
Lenders who are printing their own supply of applications should exclude Item 9 if their applications have not yet been printed, provided that the rest of the numbering on the application remains the same. In cases where the applications have already been printed, we strongly encourage lenders and schools to "X" out Item 9 of the instructions and Item 9 on the application form and/or attach a note to the application instructing applicants not to complete this Item.
We regret any inconvenience caused by this change in the application requirements. Please contact Terri Ehrenfeld at (301) 443-1540 if there are any questions regarding this policy memorandum. Thanks for your assistance.
Michael Heningburg
Director
Division of Student Assistance
