Requires registration of postsecondary education debt creditors; establishes protections for borrowers.

Summary

The bill forces any company that offers post‑secondary education loans in New Jersey to register with the state banking commissioner and to file detailed information each year. It also gives borrowers and their cosigners new rights to notice, appeal, and release from loan obligations. The goal is to make the student‑loan market more transparent and to protect New Jersey residents from unfair loan practices.

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