Reported by CommitteeFiled Jan 29, 2026
Sponsor: Mike Halpin (D)
Latest Action
Rule 3-9(a) / Re-referred to Assignments
Apr 17, 2026
Summary
The bill amends the Know Before You Owe Private Education Loan Act to require private education lenders to file yearly reports that show how many loans they made, the total dollar value of those loans, how many were made with a cosigner, and the default rate for the prior period. The reports go to the Department of Financial and Professional Regulation and the Student Loan Ombudsman. This adds transparency for borrowers, schools and regulators.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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