2808.01.09  PAID IN FULL ACCOUNTS

References:  NACUBO/SLCP, p. 33; NASFAA Encyclopedia 5.5.4.2.

Original promissory notes, once the loan is paid, should be marked "Paid in 
Full," certified by an official of the institution, and returned to the borrower.  
The institution must retain a copy of the notes for five years or until audited 
and any audit findings are resolved.