{"code":"FIN","codeName":"Financial Code","section":"28138","citation":"Fin. Code, § 28138","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 12.5. Student Loan Servicing Act [28100. - 28182.]","url":"https://blackletter.si/financial-code/division-12.5"},{"name":"CHAPTER 3. Licensee Duties [28126. - 28150.]","url":"https://blackletter.si/financial-code/division-12.5/chapter-3"}],"history":"Added by Stats. 2016, Ch. 824, Sec. 2.   (AB 2251)   Effective January 1, 2017.   Operative July 1, 2018, pursuant to Section 28182.","effective":"2017-01-01","html":"<p>Notwithstanding subdivision (b) of Section 28134 and unless prohibited by federal law, a licensee shall retain and maintain its records of servicing a borrower’s student loan for a minimum of three years after the student loan has been sold, assigned, transferred, or paid in full.</p>","text":"Notwithstanding subdivision (b) of Section 28134 and unless prohibited by federal law, a licensee shall retain and maintain its records of servicing a borrower’s student loan for a minimum of three years after the student loan has been sold, assigned, transferred, or paid in full.","otherVersions":[],"url":"https://blackletter.si/financial-code/licensee-duties-28138","source":"California Legislative Information bulk export (pubinfo)"}