Preserving brand new electronic MPN (eMPN)
If for example the college student done a keen eMPN, your own school need retain the original digital promissory notice, along with a certificate and other support information regarding brand new production and you may repairs of every digitally-finalized Perkins Financing promissory mention or eMPN. Colleges and you will lenders must keep up with the digital promissory note and you will help records for around three-years whatsoever mortgage personal debt evidenced by the note are fulfilled.
While using an age-finalized MPN, a college shouldn’t only meet with the Department’s “Criteria for Electronic Signatures in Digital Stu- reduction Loan Purchases” because given within the DCL GEN-01-06, also conform to brand new regulating criteria having preserving information on finance which might be elizabeth-closed around 34 CFR . Continue reading
