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November 3, 2005
To: Lenders and Holders Participating in the Health Education Assistance Loan (HEAL) Program
Subject: Evidence of Disbursement
HEAL Lender Policy Memorandum L-2006-2
Policy L-2006-2 is issued as a supplement to Policy L-95-04. Proper documentation of HEAL loan disbursements has been an issue on a number of recent claims. The following forms of documentation are acceptable.
- Copies of the disbursement checks
The following items may be submitted if accompanied with a fully executed affidavit:
- Electronic Funds Transfer (EFT) roster
- Lender/Servicer computer
generated document with:
- Date of disbursement,
- Amount of disbursement and
- Unique identifier for each borrower or disbursement such as a check number, EFT roster number, social security number, file number or warrant number.
- Signed letter on school letterhead providing the loan disbursement information.
- Disclosure statement detailing the disbursement information and specifying a check was attached (this form need not be signed or dated).
Claim packages that do not contain one of the above forms of documentation for each loan will be returned unpaid to the lender/servicer.
If you have questions concerning this policy, please call Mr. Dick Horton on (301) 443-1541.
Sincerely,
Henry López, Jr.
Director
Division of Health Careers Diversity and Development
