N.Y. Comp. Codes R. & Regs. tit. 8 § 2102.2

Current through Register Vol. 46, No. 53, December 31, 2024

Section 2102.2 - Audits of lenders

Auditors shall be given access to all records relative to educational loans, including, but not limited to:

(a) notes evidencing loan obligations outstanding;

(b) individual educational loan ledgers and general ledger control account detail:

(1) if records are maintained on computer, a listing of borrowers with their outstanding balances as of the end of the previous month arranged either by application number or in alphabetical order; or

(2) for all other records, the educational loan ledger cards arranged either by application number or in alphabetical order;

(c) work papers and details in support of prior interest billings;

(d) correspondence files pertaining to educational loan accounts; and

(e) a current listing of delinquent educational loans, properly aged.

N.Y. Comp. Codes R. & Regs. Tit. 8 § 2102.2