A 4922·NY·house
Relates to protections for private education loan borrowers and cosigners
Floor Vote ScheduledFiled Feb 10, 2025
Sponsor: Dana Levenberg (D)
Latest Action
SUBSTITUTED BY S5598B
Jun 2, 2026
Summary
The bill adds Article 42‑A to the General Business Law, setting standards for private education lenders, servicers, and debt collectors. It requires clear disclosures, limits loan acceleration, and gives borrowers and cosigners rights to release and information. The measure aims to protect students and families from abusive loan practices.
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