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20 U.S.C. § 1087–4 — Discrimination in secondary markets prohibited
Federal law — U.S. Code and appendices · legal_authorities
The Student Loan Marketing Association (and, if the Association is privatized under [section 1087–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087-3&num=0&edition=prelim), any successor entity functioning as a secondary market for loans under this part, including the Holding Company described in such section) shall not engage directly or indirectly in any pattern or practice that results in a denial of a borrower’s access to loans under this part because of the borrower’s race, sex, color, religion, national origin, age, disability status, income, attendance at a particular eligible institution, length of the borrower’s educational program, or the borrower’s academic year at an eligible institution.
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 1087–4
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Stable record: federal_law:legal_authorities:record_usc_36540a7e133e203e34b4064c
Source file: Laws/federal/codes/united-states-code/title-20/section-10874-discrimination-in-secondary-markets-prohibited--8c41e1cc5c.md
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Source location: Title 20, Chapter 28, § 1087–4; chapter-028-higher-education-resources-and-student-assistance.md
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The Student Loan Marketing Association (and, if the Association is privatized under [section 1087–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087-3&num=0&edition=prelim), any successor entity functioning as a secondary market for loans under this part, including the Holding Company described in such section) shall not engage directly or indirectly in any pattern or practice that results in a denial of a borrower’s access to loans under this part because of the borrower’s race, sex, color, religion, national origin, age, disability status, income, attendance at a particular eligible institution, length of the borrower’s educational program, or the borrower’s academic year at an eligible institution.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Any person who knowingly and willfully embezzles, misapplies, steals, obtains by fraud, false statement, or forgery, or fails to refund any funds, assets, or property provided or insured under this subchapter or attempts to so embezzle, misapply, steal, obtain by fraud, false statement or forgery, or fail to refund any funds, assets, or property, shall be fined not more than $20,000 or imprisoned for not more than 5 years, or both, except if the amount so embezzled, misapplied, stolen, obtained by fraud, false statement, or forgery, or failed to be refunded does not exceed $200, then the fine shall not be more than $5,000 and imprisonment shall not exceed one year, or both.
**(b) Assignment of loans** Any person who knowingly and willfully makes any false statement, furnishes any false information, or conceals any material information in connection with the assignment of a loan which is made or insured under this subchapter or attempts to so make any false statement, furnish any false information, or conceal any material information in connection with such assignment shall, upon conviction thereof, be fined not more than $10,000 or imprisoned for not more than one year, or both.
**(c) Inducements to lend or assign** Any person who knowingly and willfully makes an unlawful payment to an eligible lender under part B or attempts to make such unlawful payment as an inducement to make, or to acquire by assignment, a loan insured under such part shall, upon conviction thereof, be fined not more than $10,000 or imprisoned for not more than one year, or both.
**(d) Obstruction of justice** Any person who knowingly and willfully destroys or conceals any record relating to the provision of assistance under this subchapter or attempts to so destroy or conceal
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 1097
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