9-A §13-119. Rulemaking
§13-119. Rulemaking Rules adopted pursuant to this Article are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A. [PL 2009, c. 362, Pt. B, §1 (NEW).] SECTION HISTORY PL 2009, c. 362, Pt. B, §1 (NEW).
9-A §13-120. Effective date
§13-120. Effective date This Article takes effect January 1, 2011. [PL 2009, c. 497, §1 (AMD).] SECTION HISTORY PL 2009, c. 362, Pt. B, §1 (NEW). PL 2009, c. 497, §1 (AMD).
9-A §14-101. Short title
§14-101. Short title This Article may be known and cited as “the Student Loan Bill of Rights.” [PL 2019, c. 431, §2 (NEW); PL 2019, c. 431, §4 (AFF).] SECTION HISTORY PL 2019, c. 431, §2 (NEW). PL 2019, c. 431, §4 (AFF).
9-A §14-102. Applicability
§14-102. Applicability This Article applies to a person who acts as a student loan servicer in this State, except that this Article does not apply to a supervised financial organization or a financial institution holding company as defined in Title 9‑B, section 1011, subsection 1, to a mutual holding company as defined in Title 9‑B, […]
9-A §14-103. Definitions
§14-103. Definitions As used in this Article, unless the context otherwise indicates, the following terms have the following meanings. [PL 2019, c. 431, §2 (NEW); PL 2019, c. 431, §4 (AFF).] 1. Servicing. “Servicing” means: A. Receiving any scheduled periodic payments from a student loan borrower or notification of such payments and applying […]
9-A §14-104. Student loan ombudsman
§14-104. Student loan ombudsman The superintendent shall, using licensing and investigation fees collected pursuant to section 14‑107, support, maintain and designate a student loan ombudsman within the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection to provide timely assistance to student loan borrowers. [PL 2019, c. 431, §2 (NEW); PL 2019, […]
9-A §14-105. Annual report
§14-105. Annual report The superintendent shall submit a report by January 1st of each year to the joint standing committees of the Legislature having jurisdiction over education and cultural affairs and insurance and financial services matters. The report must include: [PL 2019, c. 431, §2 (NEW); PL 2019, c. 431, §4 (AFF).] 1. Implementation. […]
9-A §13-110. Authority to require license
§13-110. Authority to require license In addition to any other duties imposed upon the administrator by law, the administrator shall require mortgage loan originators to be licensed and registered through the nationwide mortgage licensing system and registry. In order to carry out this requirement, the administrator is authorized to participate in the nationwide mortgage licensing […]
9-A §14-106. Assistance by exempt organization; report
§14-106. Assistance by exempt organization; report An exempt organization that is requested by the student loan ombudsman to provide assistance pursuant to section 14‑104, subsection 8 shall provide, in a timely manner, the information requested by the ombudsman necessary to investigate and resolve a student loan borrower complaint, including the steps taken by the exempt […]
9-A §13-111. Nationwide mortgage licensing system and registry information challenge process
§13-111. Nationwide mortgage licensing system and registry information challenge process The administrator shall establish a process by which mortgage loan originators may challenge information entered into the nationwide mortgage licensing system and registry by the administrator. [PL 2009, c. 362, Pt. B, §1 (NEW).] SECTION HISTORY PL 2009, c. 362, Pt. B, §1 (NEW).