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Bill > S160


MA S160

Establishing a student loan bill of rights


summary

Introduced
01/22/2019
In Committee
03/12/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish a student loan bill of rights. Consumer Protection and Professional Licensure.

AI Summary

This bill establishes a student loan ombudsman within the office of the attorney general to assist student loan borrowers with resolving complaints and provides educational materials on student loans. It also requires the division of banks to maintain a consumer assistance unit that can address complaints related to student loan servicers, and mandates the division to submit an annual report on student loan-related activities. Additionally, the bill creates a licensing and regulatory framework for student loan servicers operating in the state.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (19)

Last Action

Committee recommended ought to pass with an amendment, substituting therefore a new draft, see S2595 and referred to the committee on Senate Rules (on 03/12/2020)

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