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Perkins Loans are basically federally funded loans which are managed by Institution of Higher Education or IHE.
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In contrast, if a lender obtains a leveraged payment mechanism or vehicle security from consumers more than 72 hours after the consumers receive all loan proceeds on sporadic occasions as part of individually tailored, reasonable workout agreements, then, absent any other relevant factors, these actions would tend to not raise concerns about the lender's intent to evade the requirements of the proposed rule.
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