Legislation

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; prohibiting a student loan servicer from knowingly misapplying or refusing to correct a misapplication of payments; requiring a student loan servicer to respond to an inquiry within 30 days of receiving the inquiry or complaint; authorizing the Commissioner of Financial Regulation to enforce the Act; etc.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance

Details

Cross-filed with: SB0670

Bill File Type: Regular

Effective Date(s): October 1, 2019

History

Legislation History
Chamber House Calendar Date 2/04/2019 Legislative Date 2/04/2019 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices Proceedings
Chamber House Calendar Date 2/05/2019 Legislative Date 2/05/2019 Action Hearing 2/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/26/2019 Legislative Date 3/26/2019 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/26/2019 Legislative Date 3/18/2019 Action Favorable with Amendments {843499/1 Adopted Proceedings 53AClick to view Recorded Media
Chamber House Calendar Date 3/26/2019 Legislative Date 3/18/2019 Action Second Reading Passed with Amendments Proceedings 53AClick 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 House Calendar Date 3/27/2019 Legislative Date 3/19/2019 Action Third Reading Passed (105-32) Proceedings 54 Click to view Recorded Media
Chamber Senate Calendar Date 3/28/2019 Legislative Date 3/24/2019 Action Referred Rules Proceedings 56 Click to view Recorded Media
Chamber Senate Calendar Date 3/29/2019 Legislative Date 4/01/2019 Action Rereferred to Finance Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/03/2019 Legislative Date 4/03/2019 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 4/03/2019 Legislative Date 3/28/2019 Action Favorable Adopted Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/03/2019 Legislative Date 3/28/2019 Action Second Reading Passed Proceedings 60 Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2019 Legislative Date 3/29/2019 Action Third Reading Passed (45-0) Proceedings 61 Click to view Recorded Media
Chamber House Calendar Date 4/04/2019 Legislative Date 3/26/2019 Action Returned Passed Proceedings 61 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/13/2019 Legislative Date 5/13/2019 Action Approved by the Governor - Chapter 546 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/04/2019	2/04/2019	First Reading Economic Matters
			Text - First - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices
House	2/05/2019	2/05/2019	Hearing 2/20 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/26/2019	3/26/2019	Favorable with Amendments Report by Economic Matters
House	3/26/2019	3/18/2019	Favorable with Amendments {843499/1 Adopted	53AClick to view Recorded Media
House	3/26/2019	3/18/2019	Second Reading Passed with Amendments	53AClick to view Recorded Media
			Text - Third - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices
House	3/27/2019	3/19/2019	Third Reading Passed (105-32)	54 Click to view Recorded Media
Senate	3/28/2019	3/24/2019	Referred Rules	56 Click to view Recorded Media
Senate	3/29/2019	4/01/2019	Rereferred to Finance
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	4/03/2019	4/03/2019	Favorable Report by Finance
Senate	4/03/2019	3/28/2019	Favorable Adopted	60 Click to view Recorded Media
Senate	4/03/2019	3/28/2019	Second Reading Passed	60 Click to view Recorded Media
Senate	4/04/2019	3/29/2019	Third Reading Passed (45-0)	61 Click to view Recorded Media
House	4/04/2019	3/26/2019	Returned Passed	61 Click to view Recorded Media
Post Passage	5/13/2019	5/13/2019	Approved by the Governor - Chapter 546
			Text - Chapter - Financial Institutions - Student Loan Servicers - Unfair, Abusive, or Deceptive Trade Practices

File Code

Subjects

Statutes