Higher Education Opportunity Act of 2008

Summary of the Law

Effective July 1, 2010 (to the maximum extent feasible) each school shall disclose the International Standards Book Number ("ISBN") and retail price for required and recommended textbooks and supplemental materials for each course listed on the schedule (posted on the web or print course schedule). If no ISBN is available, the institution may provide the textbook's author, title, publisher, and copyright date. If the disclosure is not practical for a certain text, a designation of *to be determined* can be noted. Written course schedules should indicate where on the university web page this info will be posted. HEOA encourages schools to disseminate information regarding book rentals, used textbooks, buy back programs, and alternative delivery programs or other cost saving strategies. Schools shall make available to the college bookstore, upon request, the most accurate information regarding the course schedule for the next academic period and for each course offered, the information described above, the number of students enrolled in such course, and the maximum enrollment for each class.

Required Actions

The Associate Vice President for Campus Services is responsible for working with the college bookstore to ensure the most accurate information on the ISBN, retail price for required and recommended textbooks and supplemental materials is available from the bookstore to the Registrar so the information can be posted on the Internet Course Schedule. The Associate Vice President for Campus Services has the responsiblity to disseminate information about programs for renting textbooks, and info on buy-back programs, and also any available alternative content delivery programs or other institution cost-saving strategies.

Electronic Fund Transfers, Regulation E

15 U.S.C. § 1693b; 12 C.F.R. § 205.1 et seq.

This law is designed to protect consumers making electronic fund transfers. The term "electronic fund transfer" (EFT) generally refers to a transaction initiated through an electronic terminal, telephone, computer, or magnetic tape that instructs a financial institution either to credit or to debit a consumer's asset account.

The Electronic Funds Transfer Act (also known as Regulation E) was adopted in 1978 as an add on to the Consumer Credit Protection Act. Regulation E is issued by the Board of Governors of the Federal Reserve System. The law and regulation establish the basic rights, liabilities and responsibilities of consumers who use electronic fund transfer services and of financial institutions that offer these services.

If you hold money for others and enable them to electronically instruct that part or all of it be transferred to another party, you must follow specified procedures with regard to how you:

  1. issue the access device card
  2. hold the individual liable for unauthorized transfers
  3. initially disclose terms and conditions
  4. provide receipts and periodic statements
  5. resolve errors or discrepancies should they occur