SB3106 amends the Know Before You Owe Private Education Loan Act to require private educational lenders to report detailed information about private.
SB3106 amends the Know Before You Owe Private Education Loan Act. It mandates that private educational lenders submit an annual report to the Department of Financial and Professional Regulation and the Student Loan Ombudsman. The report must include the total number and dollar amount of private education loans made annually, the total number and dollar amount of private education loans made annually with a cosigner, and the default rate for the private education loans reported by the private educational lender for the previous reporting period.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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