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Private Student Loan Collections Reform Act: collection actions.

It became law on Oct 6, 2021.

CA AB 424 · Assembly Bill · 2021–2022

Stage
Became law
Started in
Assembly
Sponsors
14
Latest action
Oct 6, 2021

What it does

Existing law, the Student Loan Servicing Act, provides for the licensure, regulation, and oversight of student loan servicers by the Commissioner of Financial Protection and Innovation, who is the head of the Department of Financial Protection and Innovation. The act prohibits a person from engaging in the business of servicing a student loan in this state without a license, unless the person falls within certain exceptions.

Read the full text

Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Oct 6, 2021

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Private Student Loan Collections Reform Act: collection actions. | 52