Chapter 58B — Title

58B.01 Title This section defines important terms used in the student loan borrower protection laws. It explains what 'borrower,' … 58B.011 Student Loan Advocate This section creates a student loan advocate within the Department of Commerce. The advocate helps borrowers with … 58B.02 Definitions This section requires student loan servicers to be licensed by the Department of Commerce before operating in Minnesota. … 58B.03 Licensing of Student Loan Servicers This section lists the duties that student loan servicers must follow when working with borrowers. Servicers must … 58B.04 Licensing Multiple Places of Business This section prohibits student loan servicers from engaging in unfair, deceptive, or abusive practices. Servicers cannot … 58B.05 License Renewal This section gives the commissioner of commerce the power to enforce the student loan borrower protection laws. The … 58B.051 Registration for Lenders This section requires student loan lenders to register with the commissioner of commerce before offering or making … 58B.06 Duties of Student Loan Servicers This section allows the commissioner to deny, suspend, or revoke a student loan servicer's license for violations of the … 58B.07 Prohibited Conduct This section provides additional remedies for borrowers who are harmed by student loan servicer violations. Borrowers … 58B.08 Examinations This section requires student loan servicers to maintain records of their dealings with borrowers and make those records … 58B.09 Denial; Suspension; Revocation of Licenses This section addresses the fees that student loan servicers must pay for licensing and regulation. The fees help fund … 58B.10 Data Practices This section requires student loan servicers to report certain information to the commissioner on a regular basis. …