2016 Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 669 - Regulated Activities
Section 36a-846 - Definitions.
As used in this section and sections 36a-847 to 36a-854:
(1) “Student loan borrower” means (A) any resident of this state who has received or agreed to pay a student education loan; or (B) any person who shares responsibility with such resident for repaying the student education loan.
(2) “Student loan servicer” means any person, wherever located, responsible for the servicing of any student education loan to any student loan borrower.
(3) “Servicing” means (A) receiving any scheduled periodic payments from a student loan borrower pursuant to the terms of a student education loan; (B) applying the payments of principal and interest and such other payments with respect to the amounts received from a student loan borrower, as may be required pursuant to the terms of a student education loan; and (C) performing other administrative services with respect to a student education loan.
(4) “Student education loan” means any loan primarily for personal use to finance education or other school-related expenses.
(P.A. 15-162, S. 2.)
