Legislation

Title: Commissioner of Financial Regulation - Student Education Loans - Ombudsman and Licensing of Servicers
Sponsored by: Senators Feldman, Benson, Guzzone, Lee, Madaleno, Peters, Robinson, and Zucker
Status: In the Senate - Recommitted to Finance (Senator Rosapepe)
Analysis: Fiscal and Policy Note

Synopsis

Requiring the Commissioner of Financial Regulation to designate an individual to serve as the Student Loan Ombudsman; establishing the duties and responsibilities of the Student Loan Ombudsman; requiring the Ombudsman, in consultation with the Commissioner, to establish a certain student loan borrower education course with certain requirements; prohibiting a person from engaging in student education loan servicing unless the person is licensed by the Commissioner or is exempt from licensing; establishing application requirements; etc.

Committees

Original:: Finance Click to view Recorded Media

Details

Cross-filed with: HB1642

Bill File Type: Regular

Effective Date(s): October 1, 2018

History

Legislation History
Chamber Senate Calendar Date 2/05/2018 Legislative Date 2/05/2018 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 2/06/2018 Legislative Date 2/06/2018 Action Hearing 2/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Commissioner of Financial Regulation - Student Education Loans - Ombudsman and Licensing of Servicers Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2018 Legislative Date 4/05/2018 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 4/05/2018 Legislative Date 3/31/2018 Action Favorable with Amendments {447670/1 Proceedings 62AClick to view Recorded Media
Chamber Senate Calendar Date 4/05/2018 Legislative Date 3/31/2018 Action Motion Recommit to Committee (Senator Rosapepe) Adopted Proceedings 62AClick to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/05/2018	2/05/2018	First Reading Finance
Senate	2/06/2018	2/06/2018	Hearing 2/22 at 1:00 p.m.
			Text - First - Commissioner of Financial Regulation - Student Education Loans - Ombudsman and Licensing of Servicers
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/05/2018	4/05/2018	Favorable with Amendments Report by Finance
Senate	4/05/2018	3/31/2018	Favorable with Amendments {447670/1	62AClick to view Recorded Media
Senate	4/05/2018	3/31/2018	Motion Recommit to Committee (Senator Rosapepe) Adopted	62AClick to view Recorded Media

File Code

Subjects

Statutes