HB17-1352

HB17-1352 - Regulate Student Education Loan Servicers

Postponed Indefinitely
Concerning the regulation of student loan servicers.

Section 2 of the bill requires an entity that services a student education loan pursuant to a contract with the federal government to be licensed by the administrator of the 'Uniform Consumer Credit Code'. 'Servicing' means receiving a scheduled periodic payment from a student loan borrower, applying the payments of principal and interest with respect to the amounts received from a student loan borrower, and similar administrative services. Section 4 makes the bill effective on September 1, 2018.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: May 8, 2017
05/08/2017 - Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
05/05/2017 - Introduced In Senate - Assigned to State, Veterans, & Military Affairs
05/05/2017 - House Third Reading Passed - No Amendments
05/04/2017 - House Second Reading Passed - No Amendments
05/03/2017 - House Second Reading Laid Over Daily - No Amendments
05/02/2017 - House Second Reading Special Order - Laid Over Daily - No Amendments
05/02/2017 - House Committee on Appropriations Refer Amended to House Committee of the Whole
04/26/2017 - House Committee on Finance Refer Amended to Appropriations
04/24/2017 - House Committee on Finance Witness Testimony and/or Committee Discussion Only
04/21/2017 - Introduced In House - Assigned to Finance