Title 19, Title 19 Institutions

The attorney general may enforce a violation of § 19-33-12 as an unlawful act or practice under chapter 13.1 of title 6.

Any student loan borrower may bring an action under § 6-13.1-5.2 for a violation of § 19-33-12 as an unlawful act or practice under chapter 13.1 of title 6.

A student loan consumer protection restricted receipt account (the “account”) is hereby created within the department of the attorney general. Monies deposited in the account shall be expended by the attorney general for the purpose of administering the provisions of this chapter…

(a) For the purposes of this chapter, any federal- or state-chartered bank or credit union that originates a student education loan or acts as a servicer, and any wholly owned subsidiary of a bank or credit union, shall be exempt from the provisions of §§ 19-33-4, 19-33-6 through…

As used in this chapter: (1) “Commissioner” means the commissioner of postsecondary education. (2) “Department” means the department of business regulation, division of banking. (3) “Director” means the director of the department of business regulation or designee. (4) “Distresse…

(a) The department of attorney general’s consumer protection unit, in collaboration with the director, general treasurer, and commissioner, shall: (1) Receive, review, and attempt to resolve complaints from student loan borrowers; (2) Compile and analyze data on student loan borr…

(a) Each person or entity who or that services any student education loan issued to a student loan borrower after July 1, 2019, shall register with the department as a student loan servicer no later than September 30, 2019, or within thirty (30) days of conducting servicing of st…

There is established a restricted receipt account to be known as the “servicer registration account” which shall be a separate account within the department. Registration fees and other monies, excluding examination fees pursuant to § 19-33-9, received by the department pursuant …

(a) Each student loan servicer shall maintain complete records of each student education loan transaction, including recordings of communications with borrowers, for not less than two (2) years following the final payment on such student education loan or the assignment of such s…

Each registrant shall annually, on or before March 31, file a report with the department, giving any relevant information that the department may reasonably require concerning the business and operations during the preceding calendar year of the registrant within the state. At th…

(a) A student loan servicer shall provide annually, and at the request of a student loan borrower, the terms of their loan, progress toward repayment, and eligibility for any loan relief programs including, but not limited to, income-driven repayment plans, public service loan fo…

(a) In addition to any other authority provided under this chapter, the department shall have the authority to conduct examinations of registrants. (b) In order to carry out the purposes of this chapter, the department may: (1) Retain attorneys, accountants or other professionals…