Stakeholders Comment on Catch-22 of Colorado Student Loan Equity Act Requirements
Representatives from the Colorado Attorney General received feedback Wednesday about how registration fees required for private student loan lenders may be cost prohibitive and impact their lending abilities for students.
7/14/2021 2:00 PM
ColoradoNewsStateStudent LoansLicensing
Stakeholders, including ACA International members, that would be impacted by the Colorado Student Loan Equity Act, S.B. 21-057, signed into law by Gov. Jared Polis on June 29, sought more information on the regulations and their cost during a public hearing with the Colorado Attorney General’s office Wednesday.
S.B. 21-057 expands the existing Colorado Student Loan Servicers Act, which applies only to persons who service student loans, by adding a new part covering private lenders, creditors and collection agencies in connection with those student education loans that are not made, insured or guaranteed under federal la