As used in this section and sections 36a-847 to 36a-854:
(1) “Advertise” or “advertising” has the same meaning as provided in section 36a-485;
(2) “Branch office” means a location other than the main office at which a licensee or any person on behalf of a licensee acts as a student loan servicer;
(3) “Control person” has the same meaning as provided in section 36a-485;
(4) “Main office” has the same meaning as provided in section 36a-485;
(5) “Student loan borrower” means any individual who resides within this state who has agreed to repay a student education loan;
(6) “Student loan servicer” means any person, wherever located, responsible for the servicing of any student education loan to any student loan borrower;
(7) “Servicing” means (A) receiving any scheduled periodic payments from a student loan borrower pursuant to the terms of a student education loan; (B) applying the payments of principal and interest and such other payments with respect to the amounts received from a student loan borrower, as may be required pursuant to the terms of a student education loan; or (C) performing other administrative services with respect to a student education loan;
(8) “Student education loan” means any loan primarily for personal use to finance education or other school-related expenses;
(9) “Unique identifier” has the same meaning as provided in section 36a-485.
(P.A. 15-162, S. 2; P.A. 17-233, S. 32; P.A. 18-173, S. 84.)
History: P.A. 17-233 added new Subdiv. (1) defining “advertise” or “advertising”, added new Subdiv. (2) defining “control person” and redesignated existing Subdivs. (1) to (4) as Subdivs. (3) to (6); P.A. 18-173 added new Subdiv. (2) defining “branch office”, redesignated existing Subdiv. (2) as new Subdiv. (3), added new Subdiv. (4) defining “main office”, redesignated existing Subdiv. (3) as new Subdiv. (5) and amended same to redefine “student loan borrower”, redesignated existing Subdivs. (4) to (6) as Subdivs. (6) to (8), and added Subdiv. (9) defining “unique identifier”.