Student loan servicers are responsible for the servicing of any student loan to any borrower, and they include any nonbank covered person as defined under federal regulation.
New Student Lender Registration Requirement Effective January 1, 2025 – please review the registration requirement notice. Student lenders means an entity engaged in the business of securing, making or extending student loans.
The following persons are exempt from the servicing requirements of this chapter:
The following persons are excluded from the definition of a lender for the purposes of this chapter: