from the Higher Education Act:
SEC. 426. DEFAULT REDUCTION PROGRAM.
Section 428F (20 U.S.C. 1078–6) is amended—
(1) in subsection (a)—
(A) in paragraph (1)(A), by adding at the end the
following: ‘‘Upon the sale of the loan to an eligible lender,
the guaranty agency or other holder of the loan shall
request any consumer reporting agency to which the guaranty
agency or holder, as applicable, reported the default
of the loan, to remove the record of default from the borrower’s
credit history.’’;
