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New Jersey Releases Application Procedures for Student Loan Servicers

A&B ABstract: As we have previously discussed, effective November 27, 2019, Senate Bill 1149 (2019 N.J. Laws 200) (the “Act”), creates New Jersey’s “Student Loan Bill of Rights” and prohibits any person from “act[ing] as a...more

Virginia Enacts Student Loan Servicing Law

A&B ABstract: On April 22, Virginia enacted a comprehensive new law imposing a licensing obligation on private student loan servicers and substantive restrictions on both private and federal student loan servicers....more

5/28/2020  /  Loan Servicer , Student Loans

Massachusetts Poised to Regulate Student Loan Servicers

A&B ABstract: Amid growing concerns of a student loan crisis, proposed Massachusetts H. 3977 is worth watching....more

New Jersey Joins Other States Regulating Student Loan Servicers

A&B Abstract - New Jersey recently enacted its own version of a Student Loan Bill of Rights, which requires the licensing of any person acting “directly or indirectly” as a student loan servicer. ...more

Will Maine Begin to Regulate Passive, Secondary Market Investors in Student Loan Debt?

A&B Abstract:  Maine’s New Student Loan Bill of Rights requires the licensing of any person acting as “directly or indirectly” as a student loan servicer.  ...more

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