New York Fed Revises TALF Master Loan and Security Agreement

June 23, 2009

The following summarizes the changes made to the MLSA from the June 9, 2009 posting:
  • Includes an interest rate based on Prime Rate for any Loans the
    Collateral for which consists solely of securities that are backed by private student loans and bear interest at a rate that is set by reference to a published or quoted prime rate of interest.

  • Includes an additional field in the two forms of Loan Request
    (Borrower Type).

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