KY HB53 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on January 4 2022 - 25% progression
Action: 2022-01-04 - introduced in House
Text: Latest bill text (Introduced) [PDF]

Summary

Establish Subtitle 12 of KRS Chapter 286 and create sections thereof to define terms; establish licensing requirements for certain student loan servicers; establish requirements for student loan servicing activities; require student loan servicers to comply with applicable state and federal law; establish fines for violations of the subtitle; establish a private right of action for violations of the subtitle; permit the commissioner of the Department of Financial Institutions to monitor risk to consumers relating to servicing student loans; require the commissioner to designate a student loan ombudsman; set forth requirements for student loan ombudsman; amend KRS 452.005 to conform; state that provisions of this Act shall be severable.

Tracking Information

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Title

AN ACT relating to student loan servicers.

Sponsors


History

DateChamberAction
2022-01-04Houseintroduced in House
2021-08-19HousePrefiled by the sponsor(s).

Subjects


Kentucky State Sources


Bill Comments

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