Regulatory & Credit Reporting Compliance
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This contract involves ensuring monthly credit bureau reporting, generating and filing IRS Form 1098-E, and maintaining compliance with federal regulatory requirements related to student loan servicing. The scope of work focuses on accurate and timely reporting to both credit bureaus and federal agencies to support regulatory adherence and transparency in the servicing of student loans. Designated as a subcontract under the NAICS code 541611, the contract is managed by the Illinois Department of Administrative and Procurement Policy (IDAPP) and is to be performed in Deerfield, Illinois. The contract emphasizes regulatory compliance and reporting accuracy, establishing strict guidelines for data handling and federal submissions to uphold governmental standards for student loan servicing operations.
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Deerfield, IL, 60015-5209, USSet-Aside
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