Petitioner in addition to contends, thoroughly, your rehab arrangement cannot be considered while the a great “novation” instance so you’re able to “save” the latest “invalid loan

18. Requirements and therefore occur up on receipt from reliable information indicating a debtor tends to be discharge-eligible is actually detailed within the area (e)(12), that provides thatif the financial institution are informed because of the a guarantee agency or perhaps the Secretary, or receives advice it believes getting reputable out of several other provider appearing one a current or former debtor are qualified to receive a release significantly less than paragraph (e) regarding the part, the lender should immediately suspend one services to collect about debtor ? [and] revision the latest borrower of steps to own asking for a discharge.(focus added). (suite…)