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- S.3347
S.3347: Know Before You Owe Private Education Loan Act of 2016
About This Bill
- Introduced Sept. 15, 2016
- Latest Major Action Sept. 15, 2016
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Know Before You Owe Private Student Loan Act of 2016 This bill amends the Truth in Lending Act to revise requirements for disclosures in private education loan applications. Before issuing a private education loan for a student attending an institution of higher education (IHE), lenders must obtain the IHE's certification of the student's enrollment status, the student's cost of attendance, and the difference between that cost and the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 15, 2016 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5845-5846; text of measure as introduced: CR S5846-5847)
|
| Sept. 15, 2016 |
Introduced in the Senate by Richard J. Durbin (D-Ill.) |