Cal. Civil Code § 1788.203
Cal. Civil Code § 1788.203
California · California Civil Code · Status: effective · Effective 2022-01-01
Cite this
- Citation
- Cal. Civil Code § 1788.203, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/787202
- Permanent ID
ys:prov:787202@1- SHA-256
a2bfa1b6ec834077ff40fe29d0b597e6509892954e02f816b5b7add3ea6aee6b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) All settlement agreements between a private education lender or private education loan collector and a debtor shall be documented in open court or otherwise reduced to writing. The private education lender or private education loan collector shall ensure that a copy of the written agreement is provided to the debtor.
(b) A private education lender or private education loan collector that accepts a payment as payment in full, or as a full and final compromise of a private education loan, shall provide, within 30 calendar days, a final statement that shall clearly and conspicuously show the amount and date paid, the name of the entity paid, the current account number, the name of the private education lender or private education loan collector, the account number issued by the private education lender or private education loan collector, the name of the owner of the private education loan, and that a zero balance is owing. The statement may be provided electronically if the parties agree.