summary
Introduced
01/17/2023
01/17/2023
In Committee
02/02/2023
02/02/2023
Crossed Over
Passed
Dead
03/18/2023
03/18/2023
Introduced Session
2023 Regular Session
Bill Summary
Student Loan Bill Of Rights Act
AI Summary
This bill, the Student Loan Bill of Rights Act, establishes requirements and protections for student loan borrowers and cosigners in New Mexico. The key provisions include: licensing requirements for student loan servicers, restrictions on prohibited acts by student loan servicers and private education lenders, cosigner release procedures, requirements for disability discharges, and the creation of a student loan ombudsman. The bill also amends the state's Unfair Practices Act to include violations of the Student Loan Bill of Rights Act as unfair or unconscionable trade practices.
Committee Categories
Education
Sponsors (2)
Last Action
House Appropriations & Finance Committee (13:30:00 2/21/2023 Room 307) (on 02/21/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=82&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/house/HB0082.pdf |
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