Higher educational institutions; qualified education loans, providers of private education loans. (HB743)
Introduced By
Del. David Bulova (D-Fairfax) with support from co-patron Del. Ibraheem Samirah (D-Herndon)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Private student loan providers; certain disclosures. Requires any provider of private education loans to disclose to any student attending an institution of higher education in the Commonwealth, prior to issuing a qualified education loan to such student, the contact information for the Office of the Qualified Education Loan Ombudsman and a summary of the student loan information applicable to private education loans that may be found on the State Council of Higher Education's website. The bill provides that any such disclosure may be made in conjunction with or incorporated into another disclosure to such student prior to issuing the qualified education loan. The bill requires the summary to be developed by the Office of the Qualified Education Loan Ombudsman in consultation with relevant stakeholders. The bill has a delayed effective date of July 1, 2021. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/06/2020 | Committee |
01/06/2020 | Prefiled and ordered printed; offered 01/08/20 20102544D |
01/06/2020 | Referred to Committee on Education |
01/13/2020 | Assigned Education sub: Post-Secondary and Higher Ed |
01/22/2020 | Subcommittee recommends reporting with substitute (8-Y 0-N) |
01/27/2020 | Committee substitute printed 20106390D-H1 |
01/27/2020 | Reported from Education with substitute (22-Y 0-N) (see vote tally) |
01/29/2020 | Read first time |
01/30/2020 | Read second time |
01/30/2020 | Committee substitute agreed to 20106390D-H1 |
01/30/2020 | Engrossed by House - committee substitute HB743H1 |
01/31/2020 | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
01/31/2020 | VOTE: Block Vote Passage (99-Y 0-N) (see vote tally) |
02/03/2020 | Constitutional reading dispensed |
02/03/2020 | Referred to Committee on Education and Health |
02/14/2020 | Assigned Education sub: Higher Education |
02/20/2020 | Reported from Education and Health with amendments (15-Y 0-N) (see vote tally) |
02/21/2020 | Constitutional reading dispensed (32-Y 0-N) (see vote tally) |
02/24/2020 | Read third time |
02/24/2020 | Reading of amendments waived |
02/24/2020 | Committee amendments agreed to |
02/24/2020 | Engrossed by Senate as amended |
02/24/2020 | Passed Senate with amendments (40-Y 0-N) (see vote tally) |
02/26/2020 | Placed on Calendar |
02/26/2020 | Senate amendments agreed to by House (96-Y 0-N) |
02/26/2020 | VOTE: Adoption (96-Y 0-N) (see vote tally) |
03/02/2020 | Enrolled |
03/02/2020 | Bill text as passed House and Senate (HB743ER) |
03/02/2020 | Impact statement from DPB (HB743ER) |
03/02/2020 | Signed by Speaker |
03/03/2020 | Signed by President |
03/12/2020 | Enrolled Bill communicated to Governor on March 12, 2020 |
03/12/2020 | G Governor's Action Deadline 11:59 p.m., April 11, 2020 |
03/23/2020 | G Approved by Governor-Chapter 436 (effective 7/1/21) |
03/23/2020 | G Acts of Assembly Chapter text (CHAP0436) |