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Int 0052-2018
| * | Robert E. Cornegy, Jr. | | | Banning companies that charge a fee for “student debt relief” already provided by the federal government. | Introduction | This law is intended to ban businesses that offer student debt relief services for a fee. These businesses profit by charging vulnerable individuals exorbitant monthly fees for acting as middlemen in accessing services that are otherwise free from the federal government (with a phone call). The federal Department of Education has identified this practice as a “scam” and has warned holders of federal student loans about these businesses. This law also bans advertisements on behalf of such businesses and also includes a civil cause of action for individuals who fall victim to such businesses. These businesses typically advertise with signage in store front windows with a phone number to call. | Hearing Held by Committee | |
Action details
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Not available
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Int 0052-2018
| * | Robert E. Cornegy, Jr. | | | Banning companies that charge a fee for “student debt relief” already provided by the federal government. | Introduction | This law is intended to ban businesses that offer student debt relief services for a fee. These businesses profit by charging vulnerable individuals exorbitant monthly fees for acting as middlemen in accessing services that are otherwise free from the federal government (with a phone call). The federal Department of Education has identified this practice as a “scam” and has warned holders of federal student loans about these businesses. This law also bans advertisements on behalf of such businesses and also includes a civil cause of action for individuals who fall victim to such businesses. These businesses typically advertise with signage in store front windows with a phone number to call. | Laid Over by Committee | |
Action details
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Not available
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