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(4) The Secretary will not likely approve the quantity of the establishment's reimbursement request for just a pupil or guardian and is not going to initiate an EFT of that amount to your depository account designated via the institution, In the event the Secretary decides with regard to that college student or father or mother, and during the judgment from the Secretary, that the institution hasn't—
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(2) A title IV, HEA credit rating balance needs to be paid out straight to the student or mum or dad right away, but no later on than—
(B) Deliver to your Secretary an up-to-day URL for your deal for publication within a centralized databases accessible to the general public;
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(2) Determine the earnings on title IV, HEA application money managed while in the establishment's depository account or accounts; and
An institution must sustain title IV, HEA plan funds in a depository account. For an institution located in a Point out, the depository account need to be insured with the FDIC or NCUA. For just a foreign establishment, the depository account can be insured with the FDIC or NCUA, or by an equivalent company of the government of your region wherein the institution is situated.