### Question
How is the term servicer defined?


### Answer
The term **servicer** is defined in *15 U.S.C. § 1639a* as the following:

> the person responsible for servicing of a loan (including the person who makes or holds a loan if such person also services the loan)

#### Citation:
  - *15 U.S.C. § 1639a*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER I-CONSUMER CREDIT COST DISCLOSURE > Part B-Credit Transactions**

