Karin Power
- Democratic
Primary
Requires certain persons that service student loans in this state to obtain or renew license. Specifies license application and renewal procedures and required fees. Prescribes duties of licensee and requires licensee to maintain specified liquidity, operating reserves and tangible net worth. Prescribes civil penalty against person that engages in business as student loan servicer without license. Permits Director of Department of Consumer and Business Services to participate in multistate examinations under specified circumstances. Becomes operative January 1, 2020. Declares emergency, effective on passage.
No votes to display
In committee upon adjournment.
Public Hearing held.
Referred to Business and Labor with subsequent referral to Ways and Means.
First reading. Referred to Speaker's desk.
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