Kentucky Statutes 286.12-005 – Legislative findings and declarations
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The General Assembly finds and declares that:
(1) Student education loans in Kentucky affect a significant portion of citizens;
(2) For student education loan borrowers, and the countless others who are making student education loan payments, student education loan financial issues affect every aspect of their lives, from buying a home to choosing a career and from starting a family to saving for retirement; and
(3) Student education loan debt casts a shadow that many Kentuckians cannot escape.
Effective: July 14, 2022
History: Created 2022 Ky. Acts ch. 88, sec. 1, effective July 14, 2022.
Legislative Research Commission Note (7/14/2022). Subtitle 12 of KRS Chapter 286 was established by 2022 Ky. Acts ch. 88, which created KRS § 286.12-005 to KRS § 286.12-
155. Under Section 22 of ch. 88, that Act may be cited as the Student Education
Loan Servicing, Licensing, and Protection Act of 2022.
(1) Student education loans in Kentucky affect a significant portion of citizens;
Terms Used In Kentucky Statutes 286.12-005
- servicing: means participating in any of the following activities related to a student education loan:
(a) Performing both of the following:
1. See Kentucky Statutes 286.12-010 - Student education loan: means any loan to a borrower to finance postsecondary education or expenses related to postsecondary education. See Kentucky Statutes 286.12-010
(2) For student education loan borrowers, and the countless others who are making student education loan payments, student education loan financial issues affect every aspect of their lives, from buying a home to choosing a career and from starting a family to saving for retirement; and
(3) Student education loan debt casts a shadow that many Kentuckians cannot escape.
Effective: July 14, 2022
History: Created 2022 Ky. Acts ch. 88, sec. 1, effective July 14, 2022.
Legislative Research Commission Note (7/14/2022). Subtitle 12 of KRS Chapter 286 was established by 2022 Ky. Acts ch. 88, which created KRS § 286.12-005 to KRS § 286.12-
155. Under Section 22 of ch. 88, that Act may be cited as the Student Education
Loan Servicing, Licensing, and Protection Act of 2022.