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- H.R.4511
H.R.4511: Protecting Students From Automatic Default Act of 2014
About This Bill
- Introduced April 29, 2014
- Latest Major Action April 29, 2014
Bill Sponsor
Bill Cosponsors
31 (All Democrats)
Bill Summary
Protecting Students From Automatic Default Act of 2014 - Amends the Truth in Lending Act to require a private educational lender to notify a borrower immediately if, upon receiving notification of the death or bankruptcy of a cosigner jointly liable for the private education loan, the lender deems the borrower to be in default, changes the terms of the loan, or accelerates the loan's repayment terms. Requires a private educational lender to...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
April 29, 2014 |
Referred to the House Committee on Financial Services.
|
April 29, 2014 |
Introduced in the House by Timothy H. Bishop (D-N.Y.) |