34 CFR § 682.701 - Definitions of terms used in this subpart.

---
identifier: "/us/cfr/t34/s682.701"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "34 CFR § 682.701 - Definitions of terms used in this subpart."
title_number: 34
title_name: "Education"
section_number: "682.701"
section_name: "Definitions of terms used in this subpart."
chapter_name: "OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION"
part_number: "682"
part_name: "FEDERAL FAMILY EDUCATION LOAN (FFEL) PROGRAM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "20 U.S.C. 1071-1087-4, unless otherwise noted."
regulatory_source: "57 FR 60323, Dec. 18, 1992, unless otherwise noted."
cfr_part: "682"
---


# 682.701 Definitions of terms used in this subpart.

The following definitions apply to terms used in this subpart:

*Designated Departmental Official:* An official of the Department of Education to whom the Secretary has delegated the responsibility for initiating and pursuing disqualification or limitation, suspension, or termination proceedings.

*Disqualification.* The removal of a lender's eligibility for an indefinite period of time by the Secretary on review of limitation, suspension, or termination action taken against the lender by a guaranty agency.

*Limitation.* The continuation of a lender's or third-party servicer's eligibility subject to compliance with special conditions established by agreement with the Secretary or a guaranty agency, as applicable, or imposed as the result of a limitation or termination proceeding.

*Suspension.* The removal of a lender's eligibility, or a third-party servicer's eligibility to contract with a lender or guaranty agency, for a specified period of time or until the lender or servicer fulfills certain requirements.

*Termination.* (1) The removal of a lender's eligibility for an indefinite period of time—

(i) By a guaranty agency; or

(ii) By the Secretary, based on an action taken by the Secretary, or a designated Departmental official under § 682.706; or

(2) The removal of a third-party servicer's eligibility to contract with a lender or guaranty agency for an indefinite period of time by the Secretary based on an action taken by the Secretary, or a designated Departmental official under § 682.706.

(Authority: 20 U.S.C. 1080, 1082, 1085, 1094)

[57 FR 60323, Dec. 18, 1992, as amended at 59 FR 22457, Apr. 29, 1994; 78 FR 65822, Nov. 1, 2013]