Lenders Should Continue to Follow USA Funds’ Forgery Policy

USA Funds^® advises its lender customers to continue to follow USA Funds’ forgery policy until the U.S. Department of Education issues regulations regarding the new false-certification discharge due to identity theft.

The Higher Education Reconciliation Act of 2005 adds identity theft as a reason for obtaining a false-certification discharge of an education loan, effective July 1. USA Funds Education Access Report will provide updates when the Department publishes its final regulations regarding this discharge type.

For more information about the new loan discharge and other HERA-related information, visit the Reauthorization section of the USA Funds Web site.

For more information about USA Funds’ forgery policy, contact Susan Feeney-Leonard, USA Funds supervisor, investigations, by e-mail or by phone, (317) 806-1265.