§ 2042.75. Student Loan Servicing Records--Education Financing Products.
10 CA ADC § 2042.75Barclays Official California Code of RegulationsEffective: January 1, 2024
Effective: January 1, 2024
10 CCR § 2042.75
§ 2042.75. Student Loan Servicing Records--Education Financing Products.
(a) A student loan servicer must maintain its books, records, and accounts at one or more of its licensed locations. Upon notice, such books, records and accounts must be made available for inspection at a licensed location designated by the Department. Such books, records and accounts required for inspection by the Department may be provided electronically.
(b) The servicing records required to be maintained for each education financing product serviced shall include the following: all education financing contracts; disclosure statements sent to the borrower; complete loan history; qualified written requests; borrower instructions how to apply overpayments; and statements of account sent to the borrower.
Credits
Note: Authority cited: Section 1788.103, Civil Code; and Section 28106, Financial Code. Reference: Section 1788.100, et seq., Civil Code; and Sections 28130 and 28152, Financial Code.
History
1. New section filed 10-4-2023; operative 1-1-2024 (Register 2023, No. 40).
This database is current through 6/21/24 Register 2024, No. 25.
Cal. Admin. Code tit. 10, § 2042.75, 10 CA ADC § 2042.75
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