Requires student loan servicers to submit annual reports on private education debts serviced by them.
The bill mandates that each student loan servicer submit an annual report to the superintendent of financial services. This report must include a list of all private education creditors associated with the debts serviced by the student loan servicer, as well as additional information for each creditor. The report is due by April 1 each year and must comply with any instructions published by the superintendent.
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