{"data":{"id":"us-me/9-a-m.r.s.-14-103","jurisdiction":"us-me","citation":"9-A M.R.S. §14-103","heading":"Definitions","body":"As used in this Article, unless the context otherwise indicates, the following terms have the following meanings.\n1.  Servicing.  \"Servicing\" means:\nA.  Receiving any scheduled periodic payments from a student loan borrower or notification of such payments and applying the payments to the student loan borrower's account pursuant to the terms of a student education loan or to the terms of the contract governing the servicing of the student education loan;\nB.  During a period when a payment is not required on a student education loan, maintaining account records for a student education loan and communicating with a student loan borrower regarding the loan on behalf of the loan's holder; or\nC.  Interactions with a student loan borrower, including activities to help prevent default on obligations arising from student education loans, conducted to facilitate any of the activities described in paragraph A or B.\n2.  Student education loan.  \"Student education loan\" means a loan that is extended to a student loan borrower expressly for postsecondary education expenses or other school-related expenses and does not include open-ended credit or any loan that is secured by real property.\n3.  Student loan borrower.  \"Student loan borrower\" means:\nA.  A resident of this State who has received or agreed to pay a student education loan; or\nB.  A person who shares legal responsibility with a resident under paragraph A for repaying the student education loan.\n4.  Student loan servicer.  \"Student loan servicer\" means a person, wherever located, responsible for the servicing of a student education loan to a student loan borrower.  \"Student loan servicer\" does not include a supervised financial organization or a financial institution holding company as defined in Title 9‑B, section 1011, subsection 1, a mutual holding company as defined in Title 9‑B, section 1052, subsection 2 or a wholly owned subsidiary of a supervised financial organization, financial institution holding company or mutual holding company.\n5.  Superintendent.  \"Superintendent\" means the Superintendent of Consumer Credit Protection within the Department of Professional and Financial Regulation.","path":["TITLE 9-A: MAINE CONSUMER CREDIT CODE","PART 4: REMEDIES AND PENALTIES","ARTICLE 14: STUDENT LOAN BILL OF RIGHTS"],"source_url":"https://legislature.maine.gov/statutes/9-A/title9-Asec14-103.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"d36a6c0bcda1d59433f76a70cdd416f3cbdb50cf60ecdc16a35ab8fbe59e2f61","source_id":"us-me","stale":false,"prev":"us-me/9-a-m.r.s.-14-102","next":"us-me/9-a-m.r.s.-14-104"},"notice":"GroundRules: Original legal text. Not legal advice."}