summary
Introduced
05/03/2017
05/03/2017
In Committee
06/21/2017
06/21/2017
Crossed Over
06/21/2017
06/21/2017
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
AN ACT to amend the banking law, in relation to requiring the licensure of student loan servicers The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill requires the licensure of student loan servicers. It establishes definitions, application and licensing requirements, grounds for suspension or revocation of licenses, record-keeping and reporting obligations, prohibited practices, and other regulatory requirements for student loan servicers operating in New York. The bill aims to protect borrowers by ensuring student loan servicers meet certain standards and requirements to engage in this business in the state.
Committee Categories
Budget and Finance, Business and Industry, Housing and Urban Affairs
Sponsors (33)
Ed Braunstein (D)*,
Carmen De La Rosa (D)*,
Alicia Hyndman (D)*,
Melissa Miller (R)*,
Fred Thiele (D)*,
Ken Zebrowski (D)*,
Michael Blake (D),
William Colton (D),
Michael Cusick (D),
Anthony D'Urso (D),
Jeffrey Dinowitz (D),
Dave DiPietro (R),
Steven Englebright (D),
Patricia Fahy (D),
Sandy Galef (D),
Richard Gottfried (D),
Earlene Hooper (D),
Ellen Jaffee (D),
Ron Kim (D),
Michael Montesano (R),
Walter Mosley (D),
Félix Ortiz (D),
Christine Pellegrino (D),
Crystal Peoples-Stokes (D),
Linda Rosenthal (D),
Rebecca Seawright (D),
Luis Sepúlveda (D),
Jo Anne Simon (D),
Michaelle Solages (D),
Al Taylor (D),
Clyde Vanel (D),
Latrice Walker (D),
Tremaine Wright (D),
Last Action
ordered to third reading cal.531 (on 01/03/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
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