{"identifier":"/us/usc/t20/s1074","title":20,"num":"\u00a7\u202f1074.","heading":"Scope and duration of Federal loan insurance program","text":"\u00a7\u202f1074.\nScope and duration of Federal loan insurance program\n(a)\nLimitations on amounts of loans covered by Federal insurance\nThe total principal amount of new loans made and installments paid pursuant to lines of credit (as defined in\nsection 1085 of this title\nJuly 1, 1976\nSeptember 30, 1976\nOctober 1, 2009\nOctober 1, 2009\nJune 30, 2010\nJune 30, 2010\n(b)\nApportionment of amounts\nThe Secretary may, if he or she finds it necessary to do so in order to assure an equitable distribution of the benefits of this part, assign, within the maximum amounts specified in subsection (a), Federal loan insurance quotas applicable to eligible lenders, or to States or areas, and may from time to time reassign unused portions of these quotas.","url":"https://projectusc.org/usc/t20/s1074.html","content":[{"t":"sec","id":"/us/usc/t20/s1074","children":[{"t":"num","text":"\u00a7\u202f1074."},{"t":"heading","text":"Scope and duration of Federal loan insurance program"},{"t":"subsec","id":"/us/usc/t20/s1074/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Limitations on amounts of loans covered by Federal insurance"},{"t":"content","children":[{"t":"p","text":"The total principal amount of new loans made and installments paid pursuant to lines of credit (as defined in ","children":[{"t":"ref","text":"section 1085 of this title","href":"/us/usc/t20/s1085","tail":") to students covered by Federal loan insurance under this part shall not exceed $2,000,000,000 for the period from "},{"t":"text","text":"July 1, 1976","tail":", to "},{"t":"text","text":"September 30, 1976","tail":", for each of the succeeding fiscal years ending prior to "},{"t":"text","text":"October 1, 2009","tail":", and for the period from "},{"t":"text","text":"October 1, 2009","tail":", to "},{"t":"text","text":"June 30, 2010","tail":", for loans first disbursed on or before "},{"t":"text","text":"June 30, 2010","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t20/s1074/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Apportionment of amounts"},{"t":"content","children":[{"t":"p","text":"The Secretary may, if he or she finds it necessary to do so in order to assure an equitable distribution of the benefits of this part, assign, within the maximum amounts specified in subsection (a), Federal loan insurance quotas applicable to eligible lenders, or to States or areas, and may from time to time reassign unused portions of these quotas.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}