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HB18-1415

Regulate Student Education Loan Servicers

Concerning the regulation of student loan servicers.
Session:
2018 Regular Session
Subject:
Financial Services & Commerce
Bill Summary

The bill requires an entity that services a student education loan 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.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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Status

Introduced
Lost

Bill Text