Laws and Regulations – Student Loan Servicing

PRO 01-21 – CCFPL, CFL, CDDTL, and SLSA – Registration Requirements under the CCFPL

July 2, 2024 – Third Modifications to Proposed Text

Comment Period Ends: July 24, 2024

• PRO 01-21 – Notice of Extension of Comment Due Date to July 24, 2024 (PDF)
• PRO 01-21 – Notice of Third Modification to Proposed Rulemaking (PDF)
• PRO 01-21 – Third Modified Text of Proposed Regulations (PDF)*
• PRO 01-21 – Third Modified Text of Proposed Regulations (PDF)**
• PRO 01-21 – The modified text of the proposed regulations incorporates by reference NMLS Company Form (Form MU1), Version 13.0, dated 2/1/2024.
• View View comments on Third Modification to Proposed Text of PRO 01/21

*In this version, the original proposed text is shown without underline. The first modifications to the text are shown with underline for additions and strikethrough for deletions. The second modifications to the text are shown with double underline for additions and double strikethrough for deletions. The third modifications to the text are shown with italics for additions and strikethrough with italics for deletions.

**This version is provided as a courtesy to the public and shows the second modified text without underline. The third modifications to the text are shown with underline for additions and strikethrough for deletions.

April 26, 2024 – Office of Administrative Law Disapproval

• PRO 01-21 – Office of Administrative Law Disapproval Letter (PDF)*
• PRO 01-21 – Office of Administrative Law Disapproval Decision (PDF)

*An agency may rewrite and resubmit disapproved regulations to the Office of Administrative Law (OAL) within 120 days of an agency’s receipt of a written decision from OAL stating the reasons for disapproval. Written decisions must be issued within 7 calendar days of a disapproval letter.

March 14, 2024 – Filed with the Office of Administrative Law

• PRO 01/21 – Final Statement of Reasons (PDF)
• PRO 01/21 – Final Text (PDF)

The current status is available here.

January 17, 2024 - Second Modifications to Proposed Text

Comment Period Ends: February 6, 2024

• PRO 01-21 – Notice of Second Modification to Proposed Action (PDF)
• PRO 01-21 – Second Modified Text of Proposed Regulations (PDF)*
• PRO 01-21 – Second Modified Text of Proposed Regulations (PDF)**
• View comments on Second Modification to Proposed Text of PRO 01/21

* In this version, the original proposed text is shown without underline. The first modifications to the text are shown with underline for additions and strikethrough for deletions. The second modifications to the text are shown with double underline for additions and double strikethrough for deletions.

** This version is identical to the version described immediately above but is provided as a courtesy to the public so that readers can more easily identify and comment on changes made since the last comment round. This version shows the first modified text without underline. The second modifications to the text are shown with underline for additions and strikethrough for deletions.

Nov 6, 2023 - First Modifications to Proposed Text

Comment Period Ends: November 27, 2023

• PRO 01-21 – Notice of First Modification to Proposed Action (PDF)
• PRO 01-21 – First Modified Text of Proposed Regulations (PDF)
• View comments on First Modification to Proposed Text of PRO 01/21

April 5, 2023 - Initial Proposed Text

Comment Period Ends: May 17, 2023

• PRO 01-21 - Notice of Extension of Comment Due Date to May 17, 2023 (PDF)
• PRO 01-21 – Notice of Proposed Action (PDF)
• PRO 01-21 – Text of Proposed Regulations (PDF)
• PRO 01-21 – Initial Statement of Reasons (PDF)
• PRO 01-21 – 2021 Earned Wage Access Data Findings (Cited in ISOR) (PDF)
• View Comments on PRO 01-21

PRO 06/21 – Student Loan Servicing Act and the Student Loans: Borrower Rights law

Comment Period Ends: March 23, 2023

• Notice of Second Modifications (PDF)
• Second Modified (15 Day) Text (PDF)
• View Comments on Second Modified Text

PRO 06/21 – Student Loan Servicing Act and the Student Loans: Borrower Rights law
Comment Period Ends: January 26, 2023

• Notice of Modifications (PDF)
• 15 Day Text (PDF)
• View Comments on Proposed Modified Text

PRO 06/21 – Student Loan Servicing Act and the Student Loans: Borrower Rights law
Comment Period Ends: October 28, 2022

• Notice (PDF)
• Initial Statement of Reasons (PDF)
• Text (PDF)
• View Comments on Initial Proposed Text

PRO 01/17 – Student Loan Servicing Act

Comment Period Ends: December 27, 2018

• Third Notice of Modifications (PDF)
• Third 15 Day Text (PDF)

PRO 01/17 – Student Loan Servicing Act Comment Period Ends: July 25, 2018

• Second Notice of Modifications (PDF)
• Second 15 Day Text (PDF)

PRO 01/17 – Student Loan Servicing Act Comment Period Ends: June 18, 2018

• Notice of Modifications (PDF)
• 15 Day Text (PDF)