31 CFR § 354.0 - Applicability; maintenance of Sallie Mae Securities.
---
identifier: "/us/cfr/t31/s354.0"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 354.0 - Applicability; maintenance of Sallie Mae Securities."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "354.0"
section_name: "Applicability; maintenance of Sallie Mae Securities."
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "354"
part_name: "REGULATIONS GOVERNING BOOK-ENTRY SECURITIES OF THE STUDENT LOAN MARKETING ASSOCIATION (SALLIE MAE)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 391; 20 U.S.C. 1087-2(m)."
regulatory_source: "62 FR 622, Jan. 6, 1997, unless otherwise noted."
cfr_part: "354"
---
# 354.0 Applicability; maintenance of Sallie Mae Securities.
(a) A Sallie Mae Security may be maintained in the form of a Definitive Sallie Mae Security or a Book-entry Sallie Mae Security. A Book-entry Sallie Mae Security shall be maintained in the Book-entry System.
(b) The Sallie Mae Securities to which the regulations in this part apply are obligations which, by the terms of their issue, are available exclusively as Book-entry Sallie Mae Securities or which, pursuant to the securities documentation, are convertible from Book-entry Sallie Mae Securities to Definitive Sallie Mae Securities or vice versa.