(a) Every student loan servicer, other than an exempt organization, is a covered entity under Part 500 of Title 23 and shall comply with that Part.
(b) A student loan servicer shall have until April 9, 2020 to comply with Part 500 of Title 23, except that a student loan servicer shall have until October 9, 2020 to comply with the requirements of sections 500.06, 500.08, 500.11, 500.13, 500.14 (a) and 500.15 of that Part.