; and (2) Social Security number in the same manner as Social Security numbers are verified for students under section 484(p). (f) Designation For purposes of this Act, loans described in this section shall be known as Federal ONE Parent Loans . 468. Federal ONE Consolidation Loans (a) Terms and conditions In making consolidation loans under this section, the Secretary shall— (1) not make such a loan to an eligible borrower, unless the Secretary has determined, in accordance with reasonable and prudent business practices, for each loan being consolidated, that the loan— (A) is a legal, valid, and binding obligation of the borrower; and (B) was made and serviced in compliance with applicable laws and regulations; (2) ensure that each consolidation loan made under this section will bear interest, and be subject to repayment, in accordance with subsection (c), except as otherwise provided under subsections (f) and (g) of section 465; (3) ensure that each consolidation loan will be made, notwithstanding any other provision of this part limiting the annual or aggregate principal amount for all loans made to a borrower, in an amount which is equal to the sum of the unpaid principal and accrued unpaid interest and late charges of all eligible student loans received by the eligible borrower which are selected by the borrower for consolidation; (4) ensure that the proceeds of each consolidation loan will be paid by the Secretary to the holder or holders of the loans so selected to discharge the liability on such loans; (5) disclose to a prospective borrower, in simple and understandable terms, at the time the Secretary provides an application for a consolidation loan— (A) with respect to a loan made, insured, or guaranteed under this part, part B, or part D, that if a borrower includes such a loan in the consolidation loan— (i) that the consolidation would result in a loss of loan benefits