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HomeFinancial CodeDiv. 12.5Ch. 2Art. 1§ 28111 Student Loan Servicer Licensing

§ 28111 Student Loan Servicer Licensing

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 28111 Student Loan Servicer Licensing

Key Takeaways

  • •The boss (commissioner) can make you apply for a student loan servicer license online through a special system.
  • •You might have to send all your papers, money, and even fingerprints through this online system.
  • •If you already have a license, you might have to pay fees or update your info using the same online system.

Example

You want to start a business helping students with their loans.

The boss says you must fill out your application online, send your money and fingerprints through the system, and keep updating your info there.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 28111 Student Loan Servicer Licensing

(a) The commissioner may require an applicant for a student loan servicer license or a student loan servicer licensee to make some or all of the filings with the commissioner through the Nationwide Multistate Licensing System & Registry. (b) The commissioner may require an application to be made through the Nationwide Multistate Licensing System & Registry, and may require fees, fingerprints, financial statements, supporting documents, changes of address, and any other information, and amendments or modifications thereto, to be submitted by applicants and licensees through the Nationwide Multistate Licensing System & Registry. (c) The commissioner may require licensees to pay assessments through the Nationwide Multistate Licensing System & Registry. (Added by Stats. 2018, Ch. 379, Sec. 6. (AB 38) Effective January 1, 2019.)

Last verified: January 23, 2026

Key Terms

nationwide multistate licensingcommissionportstudentlicensethe californiaapplicationinformation

Related Statutes

  • § 28106 Commissioner Licensing Authority
  • § 28108 Student Loan Servicer Investigations
  • § 28125 Nationwide Licensing System Authority
  • § 3225 Commissioner Reporting Requirements
  • § 23010 Licensee Change Reporting

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 28111.
View Official Source