| A.__Prior to issuing loans funded through an allocation of the |
| state ceiling for the issuance of education loans, an issuer or |
| lender must provide to the appropriate agency within the |
| Department of Professional and Financial Regulation examples of |
| the disclosures to be made to loan recipients or obligors.__The |
| information must be provided to the Bureau of Financial |
| Institutions, Department of Professional and Financial Regulation |
| if the issuer or lender is a financial institution or credit |
| union established pursuant to state or federal law or to the |
| Office of Consumer Credit Regulation, Department of Professional |
| and Financial Regulation for all other issuers or lenders.__This |
| information must be provided to the appropriate agency within the |
| Department of Professional and Financial Regulation upon request, |
| or in the course of an examination of the issuer or lender by the |
| agency, and must include a description of any interest rate or |
| other discounts offered that clearly identifies all of the terms |
| and conditions of obtaining any discount, a projection of the |
| approximate number or percentage of loan obligors who are likely |
| to benefit from the discounts and any other disclosures pursuant |
| to guidelines established by the Bureau of Financial Institutions |
| and the Office of Consumer Credit Regulation for the issuance of |
| education loans that would benefit from an allocation of the |
| state ceiling.__The Bureau of Financial Institutions and the |
| Office of Consumer Credit Regulation shall jointly adopt, to the |
| extent allowed by law, rules to carry out the provisions of this |
| paragraph by establishing uniform disclosure requirements and |
| sanctions for noncompliance.__Rules adopted pursuant to this |
| paragraph |
