Student Loan Servicing Act: student loan accounts.
Summary
Existing law, the Student Loan Servicing Act, provides for the licensure, regulation, and oversight of student loan servicers by the Commissioner of Business Oversight, who is the head of the Department of Business Oversight. The act requires a licensee to provide certain information regarding a borrower's account in response to a qualified written request from a borrower, as specified. This bill would define the term "student loan account" for purposes of the act as a student loan or loans grouped together for billing purposes by a student loan servicer. The bill would make conforming changes to reference borrower's student loan accounts instead of borrower's accounts.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2020
Committee Review
Jun 2020
Assembly Passage
Jun 2020
Senate Passage
Governor
Introduced Feb 21, 2020
Last action Jun 23, 2020
Floor votes · Assembly Jun 8, 2020
How they voted
75–0
Passed · 3 other
Total votes 78
Jun 8, 2020
D
Democratic60
96% Yea
I
Independent1
100% Yea
R
Republican17
94% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
3
Committee
5
Jun 23, 2020
Committee
Referred to Com. on B. & F.I.
upper
Jun 8, 2020
Lower · Passed
Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4678.)
lower
May 20, 2020
Lower · Passed
From committee: Do pass. (Ayes 11. Noes 0.) (May 19).
lower
Mar 16, 2020
Committee
Re-referred to Com. on B. & F.
lower
Mar 5, 2020
Committee
Referred to Coms. on B. & F. and HIGHER ED.
lower
Feb 22, 2020
Lower · Passed
From printer. May be heard in committee March 23.
lower
Feb 21, 2020
Introduced
Introduced. To print.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Stone
DDemocratic
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