An Act prohibiting license revocation for student loan default

This law prohibits state licensing boards and agencies from revoking, denying, or refusing to renew professional licenses because an individual has defaulted on their student loans. It directly affects people who hold or seek licenses in various professions by removing default status as a reason for losing their job credentials. The bill applies to most occupational regulators but explicitly excludes the division of banks from these restrictions. By enacting these changes, the legislation ensures that financial debt from education does not automatically result in the loss of a professional license.