What if we have a loan for secondary education loans (that meet the rule) and it needs to be renewed after the mandatory compliance date? Would we have to do the new disclosures or would it be grandfathered in? I have looked every where but can not find the answer in the reg. We have made the decision not to do these types of loans as we are a small bank and do not have any other options for the customer. Any thoughts???
Do or Do not There is no try.