The Colorado Student Loan Servicers Act applies to any organization engaged in servicing a student loan owed by a Colorado resident. The licensing application deadline is January 31, 2020. Licenses must be renewed annually.
Pursuant to § 5-20-106(1), C.R.S., those seeking to act as student loan servicers in Colorado who hold a contract awarded by the United States Secretary of Education, under 20 U.S.C. sec. 1087f, as amended, are exempt from the application procedures described in § 5-20-106(2), C.R.S. Servicers wishing to seek exemption from the application procedures must still submit Federal Contractor application. Please see the right sidebar for the Laws and Permanent Rules.
Applications & Forms
- Student Loan Servicer License Form – Federal Contractors
- Student Loan Servicer License Application – Other Servicers
- Citizenship/Lawful Residency Affidavit (sole proprietors only)