School Funding
Underwriting Manuals
- 18.04 Schools--Higher Education Facilities Act
- 18.08 School Property, Acquisition And Disposition Of
Standard Exceptions
- No references available.
Bulletins
- No references available.
Forms
- No references available.
Table of Contents
SCH
School Funding
If the land is or was owned by a college, university or higher education institution, the U.S. has a right to recover grants made under the Higher Education Act of 1965. Unless you determine that the Act is not relevant, you must except to possible rights of the U.S. if a higher education institution appears in the chain of title.
Requirements
SCHR01
STG
12/01/1995
V
1
Determine If There Are Higher Education Grants
The Company must be informed if any public funds have been advanced under the provisions of the Higher Education Act of 1965 (20 U.S.C.A., § 1132a, et. seq.). At that time, the Company may make additional requirements or exceptions.
Comment: If the land is owned by a college, university or higher education institution, the U.S. has a right to recover grants made under the Higher Education Act. Unless you determine that the Act is not relevant, you must except to possible rights of the U.S. if a higher education institution appears in the chain.
Comment: If the land is owned by a college, university or higher education institution, the U.S. has a right to recover grants made under the Higher Education Act. Unless you determine that the Act is not relevant, you must except to possible rights of the U.S. if a higher education institution appears in the chain.
See Underwriting Manual
Exceptions
SCHX01
STG
12/01/1995
V
1
Possible Higher Education Grants
Rights of the United States of America to recover any public funds advanced under the provisions of the Higher Education Act of 1965, as amended (formerly 20 U.S.C.A., § 1011k, et. seq.).
Comment: If the land is owned by a college, university or higher education institution, the U.S. has a right to recover grants made under the Higher Education Facilities Act. Unless you determine that the Act is not relevant, you must except to possible rights of the U.S. if the higher education institution appears in the chain.
Comment: If the land is owned by a college, university or higher education institution, the U.S. has a right to recover grants made under the Higher Education Facilities Act. Unless you determine that the Act is not relevant, you must except to possible rights of the U.S. if the higher education institution appears in the chain.