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On May 16, 2023, the United States Department of Education (the "Department") updated its Third Party Servicer Guidance issued in GEN-23-03. The new Dear Colleague Letter.
On April 11, 2023, the U.S. Department of Education (the "Department") announced that it would further delay implementation of its controversial "third-party servicer.
UPDATE: On February 28, 2023, the Department updated the Dear Colleague Letter issued February 15, 2023 to establish a future effective date for the guidance, extend the public comment.