Notice of Rulemaking Hearing
There will be a Rulemaking hearing on Friday, August 25 at 9 am regarding a relatively new financial product called an Income Share Agreement (“ISA”). Please review the Rulemaking Notice for information on how to attend or join the Rulemaking hearing. You may also refer to the Draft Rule, Statement of Basis and Purpose, and Sample Disclosure.
Student Loan Servicers Act
The Student Loan Servicers Act (SLSA) is a state law that regulates companies that service student loans owed by Colorado residents.
The Colorado Attorney General’s Office, through the Administrator of the Colorado Student Loan Servicers Act, investigates complaints about student loan servicers and takes appropriate disciplinary or legal action when a servicer has violated the law. This office cannot give legal advice nor can we represent individual consumers in actions against student loan servicers.
Pursuant to section 5-20-204(2)(a), C.R.S., the Administrator shall submit a report by January 1 of each year to the committees of reference of the General Assembly having jurisdiction over education, insurance, and financial services matters.