§ 19-33-6. Maintenance of records.
(a) Each student loan servicer shall maintain complete records of each student education loan transaction, including recordings of communications with borrowers, for not less than two (2) years following the final payment on such student education loan or the assignment of such student education loan, whichever occurs first, or any longer period as may be required by any other provision of the general or public laws.
(b) If requested by the division of banking, each student loan servicer shall make all records available, not later than five (5) business days after requested. Upon request, the department may grant a student loan servicer additional time to make these records available.
History of Section.P.L. 2019, ch. 199, § 1; P.L. 2019, ch. 265, § 1.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-33 - Student Loan Bill of Rights Act
Section 19-33-2. - Definitions.
Section 19-33-3. - Borrower assistance, education, and complaints.
Section 19-33-4. - Registration of student loan servicers.
Section 19-33-5. - Servicer registration account established.
Section 19-33-6. - Maintenance of records.
Section 19-33-7. - Reporting requirements.
Section 19-33-8. - Responsibilities of student loan servicers.
Section 19-33-9. - Examinations.
Section 19-33-11. - Appeal and review.
Section 19-33-12. - Prohibited conduct.
Section 19-33-13. - Investigation and enforcement.
Section 19-33-14. - Private actions.
Section 19-33-15. - Student loan consumer protection account established.