NJ S2180

Requires postsecondary education debt creditors (private student loan lenders) to register annually with the New Jersey Commissioner of Banking and Insurance, providing detailed data on outstanding loans, default rates, interest rates, and lending activity by school.

Establishes comprehensive cosigner protections, including mandatory disclosures before loan execution, annual cosigner release eligibility notices, a maximum 12 consecutive on-time payment requirement for release applications, and prohibitions on permanently barring borrowers from qualifying for release.

Prohibits loan acceleration except for payment default, and bars creditors from accelerating debt or collecting against a cosigner's estate due to the cosigner's death or bankruptcy when the loan is current.

Mandates automatic discharge of borrower and cosigner liability upon determination of the borrower's total and permanent disability, and requires release of disabled cosigners from their obligations.

Imposes civil penalties up to $25,000 per violation, with knowing violations constituting third-degree crimes, and authorizes the commissioner to bar violators from the industry for up to 10 years.