Student Education Loan Servicers

The Department of Financial Institutions is working on implementing E2SSB 6029, the Student Loan Bill of Rights, which amends the Consumer Loan Act, RCW 31.04. Student Education Loan Servicers will have licensing, examination and compliance obligations under the Consumer Loan Act.

See: E2SSB 6029

Licensing Information

Applications for Student Education Loan Servicers will be accepted starting July 16. The Department will use NMLS for applications. A checklists with application requirements will be posted before July 16.

Rulemaking

The Department of Financial Institutions has begun rulemaking for Student Education Loan Servicers.

Student Education Loan Servicers Rulemaking

News and Information

05/09/2018
The Spring 2018 Division of Consumer Services newsletter is now available online.

Laws and Rules

RCW 31.04
Consumer Loan Act

WAC 208-620
Consumer Loan Act Rules

Email Updates

By signing up for our GovDelivery service you will receive email containing information or links to information on DFI’s web site about industry newsletters, annual assessments, rulemaking documents including notices of comment periods and hearing dates, licensing information, interpretive and policy statements and other important industry information.

If you wish to receive paper copies of rulemaking documents you must contact Sara Rietcheck at 360-902-8793 and ask to be added to a paper copy mailing list.