Relates to protections for private education loan borrowers and cosigners
Summary
Enacts protections for private education loan borrowers and cosigners; requires certain notifications from creditors and debt collectors; prohibits acceleration; enacts provisions for cosigner release.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2021
Committee Review
May 2022
Senate Passage
May 2022
Assembly Passage
Governor
Introduced Feb 24, 2021
Last action May 4, 2022
Floor votes · Senate May 4, 2022
How they voted
53–9
Passed · 1 other
Total votes 63
May 4, 2022
D
Democratic43
97% Yea
R
Republican20
55% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
12
Key actions
5
Committee
3
Amendments
4
May 4, 2022
Committee
REFERRED TO CONSUMER AFFAIRS AND PROTECTION
lower
May 4, 2022
Upper · Passed
PASSED SENATE
upper
Feb 22, 2022
Upper · Passed
PRINT NUMBER 5136B
upper
Feb 22, 2022
Upper · Passed
AMEND AND RECOMMIT TO CONSUMER PROTECTION
upper
Jan 5, 2022
Committee
REFERRED TO CONSUMER PROTECTION
upper
Apr 28, 2021
Upper · Passed
PRINT NUMBER 5136A
upper
Apr 28, 2021
Upper · Passed
AMEND AND RECOMMIT TO CONSUMER PROTECTION
upper
Feb 24, 2021
Committee
REFERRED TO CONSUMER PROTECTION
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
KT
Kevin Thomas
DDemocratic
Co
JG
James Gaughran
DDemocratic
Co
Joe Addabbo
DDemocratic
Co
Roxanne Persaud
DDemocratic
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