AB332: Revises provisions relating to student education loans. (BDR 55-162)
Legislative Summary
AN ACT relating to student education loans; providing for the licensing and regulation of student loan servicers by the Commissioner of Financial Institutions; requiring student loan servicers to pay certain assessments and fees; authorizing the Commissioner to participate in the Nationwide Multistate Licensing System and Registry with respect to the issuance and renewal of a license to engage in student loan servicing; authorizing the Commissioner to take certain actions relating to participation in the Registry; authorizing and requiring the Student Loan Ombudsman to perform certain acts; providing for the regulation of private education loans and private education lenders by the Commissioner; requiring the Commissioner to adopt certain regulations; authorizing the Commissioner to engage in certain activities relating to the monitoring of the market for the provision of student loan servicing and student education loans; providing a penalty; and providing other matters properly relating thereto.
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Bill History
Amendments
Assemebly Amendment 440
Assemebly Amendment 440
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
