summary
Introduced
01/23/2017
01/23/2017
In Committee
03/29/2018
03/29/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th 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 bill of rights in Massachusetts. It creates the position of Student Loan Ombudsman within the Division of Banks to assist student loan borrowers with complaints and provide education on student loans. The bill also requires student loan servicers to obtain a license from the Commissioner of Banks, and prohibits them from engaging in unfair or deceptive practices. The bill grants the Commissioner authority to investigate and examine student loan servicers, and to take enforcement action against those who violate the law.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (12)
Brian Ashe (D),
Daniel Cullinane (D),
Julian Cyr (D),
Marjorie Decker (D),
Kenneth Donnelly (D),
Jamie Eldridge (D),
Dylan Fernandes (D),
Cindy Friedman (D),
Adam Hinds (D),
Eric Lesser (D),
Jack Lewis (D),
Jason Lewis (D),
Last Action
New draft substituted, see S2380 (on 04/11/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/S129 |
Bill | https://malegislature.gov/Bills/190/S129.pdf |
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