Common Manual Interim Policy Updates

    As you are aware, the Common Manual Governing Board periodically approves modifications to the Common Manual.  Recently, several policies were approved to modify the Common Manual.  These changes will be incorporated into the Common Manual when the next annual update is published in July 2003.

    Attached are interim updates to the Common Manual which address the effective date/trigger event for policy changes approved on June 20, 2002 regarding the implementation of the total and permanent disability discharge regulations that are effective July 1, 2002.

    Any questions related to the attached Common Manual interim policy updates should be directed to the UHEAA Policy and Training Department at (801) 321-7166 or by e-mail at mjohnson@utahsbr.edu

Attachment

Department of Education Clarification on Implementation of Total and Permanent Disability Discharge Requirements
In May 2002, the Department of Education (the Department) issued Dear Colleague Letter GEN 02-03 which provides clarification regarding the implementation of the total and permanent disability discharge regulations that are effective July 1, 2002. The guidance from the Department modifies the applicable effective date and triggering event of these requirements by specifying that the new regulations are generally based upon the lender's determination of the borrower's eligibility for discharge, rather than the date the lender receives a borrower's completed request.

The effective date/trigger event for Common Manual policy changes to chapters 8 and ^CCI8 have been modified to conform to the Department's  guidance. The enclosed "Changes to Effective Date/Trigger Events" Matrix shows the Common Manual affected policies along with the previous effective date/trigger event and the new effective date/trigger event for July 1, 2002. In addition, a technical correction has been made under the subheading "Conditional Discharge Due to Total and Permanent Disability" of subsections 8.2.C and ^CCI 8.2.C to coordinate with the effective date/trigger event revision.  These changes will appear in the July 2002 Integrated Common Manual.

Changes to Effective Date/Trigger Events