Sec. 4. Student loan contractor and vendor agreements
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Part G of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1088 et seq.) is amended by inserting after section 486A the following: The Secretary shall not enter into an agreement with a contractor or vendor that services loans under this title unless, as part of that agreement, such contractor or vendor asserts that the contractor or vendor will provide information to the Director of the Consumer Financial Protection Bureau or the ombudsman of the Consumer Financial Protection Bureau designated under section 1035 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5535 ) as requested by the Director of the Consumer Financial Protection Bureau or that ombudsman. .
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