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- H.R.63
H.R.63: Student Loan Disclosure Modernization Act
About This Bill
- Introduced Jan. 3, 2019
- Latest Major Action Jan. 3, 2019
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Jan. 3, 2019
Bill Summary
Student Loan Disclosure Modernization Act This bill requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Jan. 3, 2019 |
Referred to the House Committee on Education and Labor.
|
Jan. 3, 2019 |
Introduced in the House by Jim Banks (R-Ind.) |