MA H998

Bill

Establishing a student loan bill of rights

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to student loans and the oversight powers of the Division of Banks. Financial Services.

AI Summary

This bill establishes a student loan bill of rights in Massachusetts. It creates the position of Student Loan Ombudsman within the Division of Banks to assist student loan borrowers, and requires student loan servicers to be licensed by the state. The bill also prohibits certain unfair and deceptive practices by student loan servicers, requires them to maintain adequate records, and gives the Commissioner of Banks the authority to investigate and examine student loan servicers. The bill also requires the Student Loan Ombudsman to ensure state employees are informed of their right to public loan forgiveness.

Committee Categories

Business and Industry

Sponsors (34)

Brian Ashe (D), Bruce Ayers (D), Ruth Balser (D), Joseph Boncore (D), Tony Cabral (D), Mike Connolly (D), Daniel Cullinane (D), Julian Cyr (D), Carolyn Dykema (D), Jamie Eldridge (D), Tricia Farley-Bouvier (D), Dylan Fernandes (D), Sean Garballey (D), Carmine Gentile (D), Carlos González (D), Jim Hawkins (D), Stephen Hay (D), Natalie Higgins (D), Kate Hogan (D), Mary Keefe (D), David LeBoeuf (D), Jack Lewis (D), David Linsky (D), Adrian Madaro (D), Mike Moore (D), James Murphy (D), Brian Murray (D), Denise Provost (D), Becca Rausch (D), Maria Robinson (D), Dave Rogers (D), Andy Vargas (D), John Velis (D), Jon Zlotnik (D),

Last Action

Accompanied a new draft, see H3977 (on 07/18/2019)

Official Document

https://malegislature.gov/Bills/191/H998

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H998
Bill	https://malegislature.gov/Bills/191/H998.pdf

Bill	Bill Name	Last Action	Type
H1058	Relative to the licensing and supervision of finance companies by the Division of Banks	Accompanied a study order, see H5160	Similar To
H1073	Relative to the licensing and supervision of debt management services in the Commonwealth	Reporting date extended to Tuesday December 29, 2020, pending concurrence	Similar To
H3977	Establishing a Student Loan Bill of Rights	Bill reported favorably by committee and referred to the committee on House Ways and Means	Replaced by
H924	Relative to the regulation of the business of domestic and foreign money transmission by the Division of Banks	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H925	Relative to mortgage review boards and a small business loan review board within the Division of Banks	Accompanied a study order, see H5160	Similar To
S1221	Expanding care for medically underserved areas of the commonwealth	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session	Similar To
S1804	Limiting the impact of student loans to help staff succeed	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1845	Relative to unpaid student loans	Accompanied H3620	Similar To

Bill > H998

MA H998

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (34)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary