Financing operations

(a) In general Customer agencies shall reimburse the Provider for services through interagency agreements, service-level agreements, or other arrangements necessary to provide shared services through the Platform to participating customer agencies and to recover costs as appropriate. (b) Remittance fee (1) In general To provide for ongoing operations and maintenance efforts to maintain the functioning standards of the Platform, the Provider may collect a remittance fee that shall be applied with respect to each Federal loan serviced through the Platform. (2) Amount The amount of the remittance fee collected under paragraph (1) shall be determined by the Provider in consultation with the Administrator, but shall be not more than 0.25 percent of the face value of the Federal loan serviced, unless otherwise authorized by law or guidance issued by the Director. (3) Limit for direct loans to individuals A remittance fee under paragraph (1) shall not be assessed with respect to any direct loan made to an individual borrower unless the head of the agency administering the applicable Federal loan program submit to the Director a certification that— (A) provides that the assessment of the fee will not materially impair borrower affordability, program access, or the statutory objectives of the Federal loan program; (B) includes an analysis of borrower impact; and (C) shall be made available to the Administrator and on the Platform. (c) Fund All remittance fees collected under this section shall be held in a dedicated fund and shall be used exclusively for the operations of, and maintenance activities related to, the Platform, which funds— (1) may be transferred by the Provider to customer agencies, with the approval of the Administrator, to support necessary migration, operations, and maintenance activities; and (2) shall remain available until expended.