Requires postsecondary education debt creditors to register and establishes borrower protections.
Requires postsecondary education debt creditors to register with the Commissioner of Banking and Insurance and provides protections for borrowers. Requires creditors to provide borrowers with information about refinancing, cosigner release, and default judgments. Establishes penalties for violations and allows borrowers to seek damages in court.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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