Every school and lender participating in the Federal Family Education Loan program administered by the California Student Aid Commission shall be reviewed on a regular basis as provided in 34 CFR Part 682 by the California Student Aid Commission or its designee. In addition, the California Student Aid Commission may require self-certified audits of both schools and lenders participating in the program.
Education Code 69763
34 CFR 682.410(c)
(Amended By Register 97, No. 26)