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) “Control person” has the same meaning as provided in section 36a-485;
(3) “Student loan borrower” means (A) any resident of this state who has received or agreed to pay a student education loan; or (B) any person who shares responsibility with such resident for repaying the student education loan;
(4) “Student loan servicer” means any person, wherever located, responsible for the servicing of any student education loan to any student loan borrower;
(5) “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;
(6) “Student education loan” means any loan primarily for personal use to finance education or other school-related expenses.
(P.A. 15-162, S. 2; P.A. 17-233, S. 32.)
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).
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