HB18-1415 - Regulate Student Education Loan Servicers

Postponed Indefinitely
Concerning the regulation of student loan servicers.

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.)


Latest update: May 3, 2018
05/03/2018 - Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
04/27/2018 - Introduced In Senate - Assigned to State, Veterans, & Military Affairs
04/27/2018 - House Third Reading Passed - No Amendments
04/26/2018 - House Second Reading Special Order - Passed - No Amendments
04/26/2018 - House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole
04/20/2018 - Introduced In House - Assigned to Business Affairs and Labor