R 390.1486 Submission of written material by lender or school; action by designated official.

Rule 86. If a lender or participating school does not request a hearing but, submits written material pertaining to the limitation, suspension, or termination, the designated official may consider the material and shall take either of the following actions: (a) Dismiss the proposed limitation, suspension, or termination. (b) Notify the lender or participating school of the effective date of the limitation, suspension, or termination.