Regulatory Alerts2026-08-14
Added
Consent Order Regarding Nelnet Servicing, LLC d/b/a Firstmark Services and Sloan Servicing
Nelnet Servicing, LLC d/b/a Firstmark Services and d/b/a Sloan Servicing must cease receiving payments on small loans in Connecticut without a small loan company license and implement annual due diligence to verify creditors' licensure status. The entity is required to remit $25,000 as a civil penalty and $800 in back licensing fees to the State of Connecticut upon execution of the order. These obligations apply to Nelnet and its successors, resolving allegations that it processed payments on at least 1,114 loans without proper licensure between January 1, 2022, and March 25, 2026.
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