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Question: Does the "original creditor" have standing to bring legal action against a borrower, if, the student loan borrowers accounts are bundled with other student loans, that were originated around the same time, and they were sold, assigned, conveyed and transferred and ultimately were then used as collateral for security Class Notes offered by SLABS, to prospective investors?  Who is now the owner of these loans? Would it now be the investors who are the holders/owners of these loans. Does the original creditor have standing to sue?

Thank you for your response.

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The owner of these loans is usually a trust ran by the bank for the investment firm. They are the ones that handle collection duties and the like.

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