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Congressional Update – Student Loan Transfers Disclosure Act of 2015

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The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. But for now, here is a snippet from the bill.

Student Loan Transfers Disclosure Act of 2015

H.R. 3948 — Introduced

(as defined in section 140(a)). “(11) Student loan servicer.–The term `student loan servicer’– “(A) means a person who performs student loan servicing; “(B) includes a person performing student loan servicing for a postsecondary education loan on behalf of an institution of higher education or the Secretary of Education under a contract or other agreement; “(C) does not include the Secretary of Education to the extent the Secretary directly performs student loan servicing for a postsecondary ed…

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