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(i) The establishment could disburse the title IV, HEA application money for which the student is suitable; and
(A) Has easy entry to the cash inside the financial account by way of a surcharge-absolutely free countrywide or regional Automatic Teller Machine (ATM) community which includes ATMs enough in variety and housed and serviced such that title IV funds are fairly accessible to college students, including on the instances the institution or its 3rd-occasion servicer will make direct payments into your monetary accounts of Individuals college students;
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If an entity’s interim economical report is called complying with IFRSs, it should comply with all of the necessities of the Regular. Paragraph 19 needs selected disclosures in that regard.
(i) An establishment located in a State which makes direct payments to the scholar by EFT Which enters into an arrangement described in paragraph (e) or (file) of this section, including an establishment that employs a 3rd-occasion servicer to help make those payments, will have to create a selection process underneath which the coed chooses one among numerous options for obtaining Individuals payments.
signifies a bookkeeping account managed by an establishment to document the economical transactions pertaining to some college student's enrollment for the institution; and
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(B) Except for a community establishment located in a Condition or simply a overseas institution, filing with the right Condition or municipal govt entity a UCC-1 statement disclosing which the depository account is made up of Federal money and preserving a copy of that assertion.
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