PUBLIC LAW 95-43—JUNE 15, 1977
91 STAT. 215
(20) Section 428(a)(9) of such Act is amended— 20 USC 1078. (A) by inserting "a determination must be made as to whether" after "for which"; (B) by striking out "the determinations to be made (except the determinations of good standing)" and inserting in lieu therof "the determination to be made"; and (C) by striking out "(2)(A)(i) and". - •• (21) Section 428(b)(1)(A) of such Act is amended— (A) by inserting "in any academic year or its equivalent (as determined under regulations of the Commissioner)" after "(A) authorizes the insurance"; • (B) in division (i) — (i) by striking out "a loan which is made" and inserting in lieu thereof "loans which are made"; (ii) by striking out "or which is" and inserting in lieu thereof "or which are"; and (iii) by striking out "to a student who has not successfully completed a program of undergraduate education in an amount in excess" and inserting in lieu thereof "to a student for his first academic year of a program of postsecondary education, and who has not previously enrolled in such a program, in an amount in excess of the lesser"; (C) in division (ii), by striking out "to a student for his first '^- academic year of postsecondary education" and inserting in lieu thereof "to such a first-year student"; and (D) by inserting immediately before the semicolon at the end thereof the following: ", and all loans issued within any period of 90 days shall be considered as a single loan for purposes of ^'•' ' ' ' division (ii)". (22) Section 428(b)(1) of such Act is amended— (A) by inserting "and" at the end of subparagraph (O); (B) by striking out subparagraph (P); and (C) by redesignating subparagraph (Q) as subparagraph (P). (23) Subparagraph (C) of section 428(c)(1) of such Act is amended— (A) by striking out "insured by it" and inserting in lieu thereof "made by a lender which are insured by such an institution or " ' organization"; and (B) by inserting "and" at the end of clause (ii), and by striking out ", and" at the end of clause (iii) and the remainder of such subparagraph and inserting in lieu thereof a period. (24) Section 428(c)(5) of such Act is amended— (A) by striking out "entered into prior to September 1, 1969"; and (B) by striking out "in effect on that date" and everything that follows through "the Commissioner may" and inserting in lieu ,
- thereof "an agreement pursuant to subsection (b) of this section,
the Commissioner may". (25) Section 428(c)(6) of such Act is amended— • •"' ' (A) in subparagraph (A), by inserting "and for the purpose of section 428A(b)(5)" after "For the purpose of paragraph 20 USC 1078-1. (2)(D) " and by striking out "pursuant to such paragraph"; (B) in subparagraph (A) (ii)— (i) by striking out "of the loan" and inserting in lieu ,.,, thereof "of loans reimbursed under this subsection"; '^" '^ (ii) by striking out "reimbursed pursuant to subsection (f)"; and
�
