85.105—Does this part apply to me?
         Portions of this part (see table at  § 85.25(b)) apply to you if you are a(n)—
    
    
        
        (a) 
         Person who has been, is, or may reasonably be expected to be, a participant or principal in a covered transaction;
    
    
        
        (b) 
         Respondent (a person against whom the Department of Education has initiated a debarment or suspension action);