Terms Used In Louisiana Revised Statutes > Title 6 > Chapter 17 > Part X - Conservatorships, Receiverships, and Involuntary Liquidations

• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• Nonconforming payment: means a payment made by a student loan borrower that is more or less than the required payment for a student education loan account. See Louisiana Revised Statutes 6:1411
• Student loan borrower: means a resident of this state who meets either of the following criteria:

              (a) Has received or agreed to pay a student education loan. See Louisiana Revised Statutes 6:1411

• Student loan servicer: means a person or entity who is engaged in the business of servicing a student education loan owed by a student loan borrower. See Louisiana Revised Statutes 6:1411