ASSURANCE OF VOLUNTARY COMPLIANCEOctober 27th, 2009
FiledOctober 27th, 2009This Assurance of Voluntary Compliance or Assurance of Discontinuance, (“Assurance”), is voluntarily entered into between Student Loan Xpress, Inc. (“SLX” or “Respondent”) and the Attorneys General of the states of California, Florida, Georgia1, Idaho, Illinois, Missouri, Montana, Nevada, Oklahoma, Oregon, Utah2 and Washington (“States” or “Attorneys General”). This agreement is solely intended to resolve the States’ investigation into whether SLX, including its officers, directors, employees and agents, engaged in any unlawful or deceptive trade practices relating to private student loans for students of Silver State Helicopters LLC (“Silver State”), or the acquisition of such loans from originating lenders, including Liberty Bank, N.A. (“Liberty Bank”).