HB 53 KY

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Introduced

Establish Subtitle 12 of KRS Chapter 286 and create sections thereof to define terms; establish licensing requirements for certain student loan servicers; establish requirements for student loan servicing activities; require student loan servicers to comply with applicable state and federal law; establish fines for violations of the subtitle; establish a private right of action for violations of the subtitle; permit the commissioner of the Department of Financial Institutions to monitor risk to consumers relating to servicing student loans; require the commissioner to designate a student loan ombudsman; set forth requirements for student loan ombudsman; amend KRS 452.005 to conform; state that provisions of this Act shall be severable.

• P. Minter · primary
• A. Scott · primary
• G. Brown Jr. Democratic · primary
• K. Flood · primary
• J. Jenkins · primary
• J. Raymond · primary
• R. Roberts · primary
• C. Stevenson · primary
• P. Stevenson Democratic · primary
• S. Westrom · primary

1. Aug 19, 2021 Prefiled by the sponsor(s). · lower
2. Jan 4, 2022 introduced in House · lower
3. Jan 4, 2022 to Committee on Committees (H) · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced · PDF