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IA HF2241

Bill

Official Source

Status

Introduced

1/30/2026

Primary Sponsor

Higher Education

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Iowa Board of Regents institutions (University of Iowa, Iowa State, University of Northern Iowa) would be held liable for 10% of defaulted educational loan amounts for students enrolled at those institutions
  • Applies only to educational loan agreements entered into on or after July 1, 2026
  • The institution's 10% liability directly offsets the borrower's debt obligation by the same amount, reducing what the defaulting borrower owes
  • Institution liability follows the same loan terms as the borrower's original agreement unless the institution negotiates different terms
  • Creates new Iowa Code chapter 262C establishing definitions and liability requirements for regents institutions regarding student loan defaults

Legislative Description

A bill for an act providing for partial liability of regents institutions for defaulted educational loans.(Formerly HSB 540.)

Last Action

Introduced, placed on calendar. H.J. 188.

1/30/2026

Full Bill Text

No bill text available