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DIVISION 12.5. Student Loan Servicing Act 28100-28182›CHAPTER 3. Licensee Duties 28126-28150

§ 28138

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

Notwithstanding subdivision (b) of Section 28134 and unless prohibited by federal law, a licensee shall retain and maintain its records of servicing a borrower’s student loan for a minimum of three years after the student loan has been sold, assigned, transferred, or paid in full.

(Added by Stats. 2016, Ch. 824, Sec. 2. (AB 2251) Effective January 1, 2017. Operative July 1, 2018, pursuant to Section 28182.)

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California Financial Code

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