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private educational lender

Defined in 1 place of the United States Code.

the term “private educational lender” means—

(A) a financial institution, as defined in section 1813 of title 12 that solicits, makes, or extends private education loans;

(B) a Federal credit union, as defined in section 1752 of title 12 that solicits, makes, or extends private education loans; and

(C) any other person engaged in the business of soliciting, making, or extending private education loans;

Source

  • 2008–present15 U.S.C. § 1650Commerce and Trade · Preventing unfair and deceptive private educational lending practices and eliminating conflicts of interest · as used in this section