Legislation

Title: Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices
Sponsored by: The President (By Request - Office of the Attorney General) and Senators Augustine, Guzzone, Kelley, King, Lee, Peters, Pinsky, and Rosapepe
Status: In the House - Rereferred to Economic Matters
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Prohibiting a student loan servicer from employing any scheme, device, or artifice to mislead a student loan borrower; prohibiting a student loan servicer from engaging in any unfair, abusive, or deceptive trade practice toward any person; prohibiting a student loan servicer from knowingly or recklessly misapplying or refusing to correct a misapplication of a payment from a student loan borrower; requiring a student loan servicer to acknowledge receipt of a written inquiry or complaint from a certain borrower within 10 days; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters

Details

Cross-filed with: HB0594

Bill File Type: Regular

Effective Date(s): October 1, 2019

History

Legislation History
Chamber Senate Calendar Date 2/04/2019 Legislative Date 2/04/2019 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices Proceedings
Chamber Senate Calendar Date 2/11/2019 Legislative Date 2/11/2019 Action Hearing 3/12 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/08/2019 Legislative Date 3/08/2019 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 3/08/2019 Legislative Date 3/08/2019 Action Hearing 3/12 at 9:00 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2019 Legislative Date 3/18/2019 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 3/19/2019 Legislative Date 3/17/2019 Action Favorable with Amendments {787879/1 Adopted Proceedings 49 Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2019 Legislative Date 3/17/2019 Action Floor Amendment {763025/1 (Senator Pinsky) Proceedings 49 Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2019 Legislative Date 3/17/2019 Action Motion Special Order until 3/20 (Senator Rosapepe) Adopted Proceedings 49 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2019 Legislative Date 3/18/2019 Action Floor Amendment {763025/1 (Senator Pinsky) Proceedings 50 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2019 Legislative Date 3/18/2019 Action Motion Special Order until 3/21 (Senator Pinsky) Adopted Proceedings 50 Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2019 Legislative Date 3/19/2019 Action Floor Amendment {763025/1 (Senator Pinsky) Withdrawn Proceedings 51 Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2019 Legislative Date 3/19/2019 Action Floor Amendment {673224/1 (Senator Pinsky) Adopted Proceedings 51 Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2019 Legislative Date 3/19/2019 Action Second Reading Passed with Amendments Proceedings 51 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices Proceedings
Chamber Senate Calendar Date 3/22/2019 Legislative Date 3/20/2019 Action Third Reading Passed (46-0) Proceedings 52 Click to view Recorded Media
Chamber House Calendar Date 3/25/2019 Legislative Date 3/18/2019 Action Referred Rules and Executive Nominations Proceedings 53 Click to view Recorded Media
Chamber House Calendar Date 3/26/2019 Legislative Date 3/27/2019 Action Rereferred to Economic Matters Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/04/2019	2/04/2019	First Reading Finance
			Text - First - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices
Senate	2/11/2019	2/11/2019	Hearing 3/12 at 1:00 p.m.
Senate	3/08/2019	3/08/2019	Hearing canceled
Senate	3/08/2019	3/08/2019	Hearing 3/12 at 9:00 a.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/18/2019	3/18/2019	Favorable with Amendments Report by Finance
Senate	3/19/2019	3/17/2019	Favorable with Amendments {787879/1 Adopted	49 Click to view Recorded Media
Senate	3/19/2019	3/17/2019	Floor Amendment {763025/1 (Senator Pinsky)	49 Click to view Recorded Media
Senate	3/19/2019	3/17/2019	Motion Special Order until 3/20 (Senator Rosapepe) Adopted	49 Click to view Recorded Media
Senate	3/20/2019	3/18/2019	Floor Amendment {763025/1 (Senator Pinsky)	50 Click to view Recorded Media
Senate	3/20/2019	3/18/2019	Motion Special Order until 3/21 (Senator Pinsky) Adopted	50 Click to view Recorded Media
Senate	3/21/2019	3/19/2019	Floor Amendment {763025/1 (Senator Pinsky) Withdrawn	51 Click to view Recorded Media
Senate	3/21/2019	3/19/2019	Floor Amendment {673224/1 (Senator Pinsky) Adopted	51 Click to view Recorded Media
Senate	3/21/2019	3/19/2019	Second Reading Passed with Amendments	51 Click to view Recorded Media
			Text - Third - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices
Senate	3/22/2019	3/20/2019	Third Reading Passed (46-0)	52 Click to view Recorded Media
House	3/25/2019	3/18/2019	Referred Rules and Executive Nominations	53 Click to view Recorded Media
House	3/26/2019	3/27/2019	Rereferred to Economic Matters

File Code

Subjects

Statutes