NY A08913

Creates a private education debt registry requiring all private education creditors operating in New York State to register with the superintendent within 180 days of the law's effective date.

Mandates annual reporting by private education creditors on their education debt portfolios for New York state residents, including outstanding balances, interest rates, default rates, cosigner information, and litigation data.

Requires providers of higher education to report additional demographic data (race and gender) on student debts, including information on academic holds, Pell Grant recipients, and debt collection actions taken in the prior fiscal year.

Directs the superintendent to create a publicly accessible website within one year displaying registered creditor information, summaries of reported data, and copies of promissory notes and contracts used by creditors.

Establishes civil penalties of up to $10,000 per violation for creditors failing to register or report, and authorizes the superintendent to bar violators from operating as private education creditors for up to ten years.