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 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

There is one statement associated with H.R.4511.

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.)

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