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Student Loans NMLS

Ballard Spahr LLP

Kentucky student loan servicer license application available on NMLS

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Last year, Kentucky enacted the Student Education Loan Servicing, Licensing, and Protection Act of 2022 (the “Act”), which requires student loan services to be licensed in Kentucky.  The Act took effect on July 13, 2023 (the...more

Alston & Bird

New Jersey Releases Application Procedures for Student Loan Servicers

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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

Ballard Spahr LLP

California Amends Student Loan Servicing Act

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California Governor Jerry Brown has signed into law Assembly Bill 38, which significantly modifies the scope, administration, and servicing requirements of the state’s Student Loan Servicing Act. ...more

Ballard Spahr LLP

D.C. and California Issue Student Loan Servicing Regulations, Join Other States in Migrating Licenses to NMLS

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As we reported last month, the District of Columbia Department of Insurance, Securities and Banking (DISB) started accepting applications and transition filings for the Student Loan Servicer License on the Nationwide Mortgage...more

Ballard Spahr LLP

D.C. accepting student loan servicer license applications; CT adopts student loan servicing standards

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D.C. License Applications. The District of Columbia Department of Insurance, Securities and Banking recently started to accept applications and transition fillings for a Student Loan Servicer License on the National Mortgage...more

Ballard Spahr LLP

D.C. Adds Student Loan Servicer License to NMLS

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On August 10, 2017, the District of Columbia Department of Insurance, Securities and Banking started accepting applications and transition fillings for the Student Loan Servicer License and Student Loan Servicer Branch...more

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