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CA AB2921
Bill
Status
6/8/2020
Primary Sponsor
Mark Stone
Click for details
AI Summary
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Defines "student loan account" as a student loan or loans grouped together for billing purposes by a student loan servicer in the Financial Code.
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Updates references throughout the Student Loan Servicing Act to specify "student loan account" instead of general "account" language.
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Changes outdated terminology from "Internet Web site" to "internet website" in sections relating to licensee communications and information provision.
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Updates pronouns from "his or her" to "their" in provisions regarding borrower education programs and loan defaults.
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Requires licensees to provide information about borrower student loan accounts in response to qualified written requests within 30 business days, with a potential 15-day extension.
Legislative Description
Student Loan Servicing Act: student loan accounts.
Last Action
Referred to Com. on B. & F.I.
6/23/2020