Louisiana Revised Statutes Tit. 6, § 1421. Definitions

(1) “Commissioner” means the commissioner of the Office of Financial Institutions.

(2) “Private education lender” means any person engaged in the business of securing, making, or extending a private education loan, or any holder of a private education loan. “Private education lender” shall not include any person who services a private education loan, to the extent such person does not also secure, make, extend, or own the loan. “Private education lender” shall not include any federally insured financial institution, its subsidiaries, and affiliates.

(3) “Private education loan” means an extension of credit or a debt or obligation owed or incurred by a consumer, contractual or otherwise, contingent or absolute, that meets all of the following criteria:

(4) “Provider of postsecondary education” means a person engaged in the business of providing postsecondary education, via correspondence, online, or in this state, to a person located in this state.