DEPARTMENT OF LAW Administrator – Uniform Consumer Credit Code COLORADO STUDENT LOAN SERVICERS ACT RULES 4 CCR 902-3 [Editor’s Notes follow the text of the rules at the end of this CCR document] _________________________________________________________________________ Rule 1. Nonrefundable Initial and Annual Renewal License Fees for Student Loan Servicers The amount of the initial license fee for a license commencing January 31, 2020 for a student loan servicer is $12,500. The amount of the annual renewal fee is $12,500. The amount of the initial license fee and the annual renewal fee may be reduced or increased periodically based upon the Administrator’s determination of anticipated changes to the cost of administering the Student Loan Servicer Act. Rule 2. Nonrefundable Investigation Fee The investigation fee for a student loan servicer, applicant for licensure pursuant to section 5-20-106(2), C.R.S. is $500 and must be paid only at the time of and in conjunction with the initial license application. Rule 3. Federal Contractor Exemption A student loan servicer seeking licensure pursuant to section 5-20-106(1), C.R.S., shall document eligibility for the exemption by submitting at least one of the following documents:

A. The signed signature page to a currently operative contract showing that the servicer is a party to a contract awarded by the United States Secretary of Education under 20 U.S.C. § 1087f; or B. Any other document that serves as the functional equivalent to (A), which will be judged in the Administrator’s sole discretion.

_________________________________________________________________________ Editor’s Notes History New rule eff. 11/14/2019.

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