12 2 STA T .3 12 5PUBLIC LA W 11 0– 315 — AU G .1 4, 200 8‘ ‘ (i)the i nforma tion d e sc ri b edinc l a u ses (i) and (ii) of p ara g raph ( 1 )( A )
and ‘‘(ii) a detailed e x planation of w h y such co v ered institution or institution - affiliated organi z ation entered into a preferred lender arrangement with the lender , including why the terms, conditions, and provisions of each type of education loan provided pursuant to the preferred lender arrangement are beneficial for students attending such institution, or the families of such students, as applicable; and ‘‘( B ) ensure that the report re q uired under subpara- graph (A) is made available to the public and provided to students attending or planning to attend such covered institution and the families of such students . ‘‘( 3 ) CODE O FC O N D U C T . — ‘‘(A) I N G ENE RAL .— E ach covered institution, and each institution-affiliated organization of such covered institu- tion, that has a preferred lender arrangement, shall comply with the code of conduct requirements of subparagraphs (A) through (C) of section 487 (a)( 25 ). ‘‘(B) A P PL I CA B LE CODE OF CONDUCT.— F or purposes of subparagraph (A), an institution-affiliated organization of a covered institution shall— ‘‘(i) comply with the code of conduct developed and published by such covered institution under sub- paragraphs (A) and (B) of section 487(a)(25); ‘‘(ii) if such institution-affiliated organization has a website, publish such code of conduct prominently on the website; and ‘‘(iii) administer and enforce such code of conduct by, at a minimum, requiring that all of such organiza- tion ’ s agents with responsibilities with respect to edu- cation loans be annually informed of the provisions of such code of conduct. ‘ ‘ SEC.154 . LOANI N F O RM A T ION TO B E D ISCLOSED AND MODEL DISCLO - S U RE FORM FOR INSTITUTIONS P ARTICIPATIN G INT H E W ILLIAM. D. FORD FEDERAL DIRECT LOAN PROGRAM. ‘‘(a) P RO V I S ION OF D ISCLOSURES TO INSTITUTIONS B Y T H E S EC- RETARY.— N ot later than 18 0 days after the development of the model disclosure form under section 153(a)(2)(B), the Secretary shall provide each institution of higher education participating in the W illiam D. Ford Direct L oan Program under part D of title I V with a completed model disclosure form including the same information for Federal Direct Stafford Loans, Federal Direct U nsubsidized Stafford Loans, and Federal Direct PLUS loans made to, or on behalf of, students attending each such institution as is required on such form for loans described in section 151(3)(A). ‘‘(b) DUTIES OF INSTITUTIONS.— ‘‘(1) IN GENERAL.—Each institution of higher education participating in the William D. Ford Direct Loan Program under part D of title IV shall— ‘‘(A) ma k e the information the Secretary provides to the institution under subsection (a) available to students attending or planning to attend the institution, or the families of such students, as applicable; and Deadlin e .20USC1 01 9c . Deadline. Not ice. W e bs ite. Pu blic in f o rm ation.
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